Layoffs and major pivot behind it, Lifesize reaches $100M milestone

Apr 10, 2019

Austin Business Journal | Mike Cronin

After some tumultuous years, it looks like business is stabilizing and starting to take off for Lifesize, a company making hardware and software for video conferencing. That momentum includes reaching the $100 million bookings milestone, one of the major signifiers that a software-as-a-service (SaaS) company may be ready to go public, and recurring revenue that grew at a compounded annual rate of 80 percent during the last four years.