Bangalore, May 28, 202: Leading video software solution, Vimeo, led by Indian -American Anjali Sud, began trading yesterday on Nasdaq under the symbol “VMEO, after it was spun off as a separate publicly trading entity by parent IAC.
“The evolution of Vimeo into a thriving independent public company is the embodiment of the IAC way,” said IAC CEO and Vimeo Chairman Joey Levin. “We are enormously grateful to all the brilliant people, beginning with Jacob Lodwick many years ago, who’ve made this journey possible. Now we get back to our favorite part—building the next one.”
Vimeo is the world’s leading SaaS video company serving the essential video needs of every business—what is poised to become a $70 billion market opportunity by 2024. Vimeo is the video platform enabling any business in the world from Fortune 500s to local shops to harness the power of video in countless ways to better create, communicate, and collaborate. Vimeo recently announced its latest innovation for enterprise workforces, Video Library, a beautiful, centralized and secure video hub for companies of all sizes.
Said Anjali Sud, CEO of Vimeo, “As a video software solution serving more than 200 million professionals, teams, and organizations, Vimeo is making professional-quality video far easier and more effective than ever before. This is a proud moment for Vimeo, but just the beginning. Looking ahead, as an independent public company, we are well-positioned to keep innovating with urgency to expand our software suite and put the full power of video in the hands of every business and team in the world.”