Trond Johannessen
Chief Government Officer
Good morning, and welcome to this presentation of Pexip’s third quarter outcomes. My identify is Trond Johannessen, and I am the CEO. Along with me right here at Lysaker, I’ve our CFO, Oystein Hem; and our Chief Income Officer, Åsmund Fodstad. Collectively, we are going to take you thru the highlights of the previous quarter and our focus going ahead. The usual disclaimers apply as typical.
First, a short overview of Pexip for potential new viewers. Pexip was based in 2012, and at present, we function in 25 nations throughout the globe. We’re a specialist video conferencing and infrastructure firm specializing in interoperability and safe and customized conferences. We do software program solely, Delivered as a Software program or Delivered as a Service. Pexip has distinctive and established partnerships with the main corporations in our business. You see a few of them on this slide. We complement and improve their options and don’t usually straight compete with them. Our clients are primarily giant organizations in each the personal and public sector which have complicated wants with regards to video collaboration. The monetary efficiency is robust and has been bettering over the past quarters.
Now to the highlights of the previous quarter. Our annual recurring revenues grew with $3.2 million in the course of the quarter, and this leaves us with an ARR base of $122.2 million out of Q3. Within the quarter, we had significantly sturdy efficiency in our Safe and Customized enterprise space, and the