Boston, Massachusetts – April 5, 2021 – The global appetite for virtual investor meetings continues to power robust growth for OpenExchange, a premier video solutions company for financial communications. In the first quarter of 2021, OpenExchange partnered with 35 of the world’s largest financial institutions and stock exchanges to facilitate more than 41,000 virtual meetings — an increase of over 800 percent over the comparable quarter a year earlier.

Virtual investor conferences continue to represent the backbone of OpenExchange’s business, as the company hosted 143 virtual conferences on the OE Conference platform in the first quarter, bringing its 12-month total to 514 virtual conferences, an increase of 496 from the year-earlier period. The tremendous growth has cemented OpenExchange’s status as the leading facilitator of virtual investor conferences across the Americas, Europe, and the Asia-Pacific regions.

Another significant source of growth in the quarter came from OpenExchange’s OE Connect virtual meeting offering. This service, which includes initial public offerings and non-deal roadshows, capital markets/investor days, and other investor relations events for public and pre-public companies and private equity firms, grew by 54 percent on a quarterly basis. Bookings for the year’s second quarter continue to track well above 2020 levels.

OpenExchange’s video streaming platform, OE Stream, also experienced a record quarter, delivering 30 million minutes of live and on-demand video streams in the first quarter — a 250% increase from the same period last year.

“In 2020, the pandemic forced banks and public companies to use virtual technologies to keep investor communications flowing,” said OpenExchange CEO Mark Loehr. “The question for 2021 was whether virtual meetings would revert to previous levels, but our first quarter numbers and forward bookings indicate that these organizations have emphatically embraced video meetings as an exceptionally efficient, effective way for companies, investors, and bankers to communicate. OpenExchange’s technology and services solutions helps elevate the reliability, security, and production values of these high-stakes meetings.”

To support the company’s growth, OpenExchange appointed Tyler Young as its Chief Financial Officer. Prior to joining OpenExchange, Tyler worked at TripAdvisor where he helped build the company’s global finance, accounting and operations teams for more than 15 years and led its successful 2011 IPO and spin-off from Expedia.

Also in the first quarter:

• The company conducted successful field tests of a new virtual conference technology platform that will be launched formally in the second quarter. The platform consists of desktop and mobile web applications that create personalized experiences for both virtual and in-person events, and provides operational transparency for conference and virtual event organizers.
• The company introduced new video communications program offerings for investor relations professionals at public and pre-public companies, as well as for private equity and venture capital firms.
• The company collaborated with many of its clients to develop strategies and approaches for post-pandemic investor communications, including hybrid conferences and events which combine both in-person and virtual participants.

About OpenExchange

Based in Boston, New York, London, and Hong Kong, OpenExchange video-enables the vital daily communications of the financial services and professional investment industry and its clients with advanced one-to-one, one-to-many, and many-to-many video technologies, tools and services. Anchored by its experience in connecting more than 100,000 video endpoints in the professional investment community and more than 500,000 registered users to its Knovio video platform, the OpenExchange Network bridges the worlds of real-time videoconferencing, video live-streaming, and searchable on-demand video archives and showcases, making it easy to connect, create, disseminate, and discover information critical to investment and business decisions.