OpenExchange, the leading virtual conference and video streaming solution for the financial services sector, today announced organizational changes and new personnel appointments designed to support the company’s rapid growth and high customer demand as it prepares for an even bigger second half of the year.
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As the financial services industry began to face the impact of the COVID-19 pandemic beginning in February 2020, OpenExchange played a key role in helping many of the leading institutions to transform large scale in-person conferences to virtual meetings. In the first half of the year alone, OpenExchange hosted 116 virtual conferences for more than a dozen of the largest global investment banks and stock exchanges. In Q2, OpenExchange facilitated more than 19,700 virtual presentations and meetings (a year-over-year increase of 19x), and more than 460,000 viewers watched over 22.4 million minutes of business video streams. Completed virtual conferences include Citi’s Global Energy Conference, UBS’s Global Healthcare Conference, AllianceBernstein’s Strategic Directions Conference, multiple events for the London Stock Exchange and over 100 more for nine of the world’s ten top banks.
“While the adoption of virtual meetings had already begun in prior years, we’ve seen a massive acceleration of this trend in 2020 – with entire conferences now taking place by video,” said Mark Loehr, CEO of OpenExchange. “The exceptional growth of the OpenExchange platform is a reflection not only of investor communications in this new era, but also more broadly of the future of work. We have entered an environment in which engagement in virtual meetings and conferences is critical to business success.”
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