BlueJeans Network hits $100m in annual recurring revenue

The videoconferencing and collaboration software vendor has increased usage by 62% year on year and says it is aligned with “one of the hottest and fastest growing markets today”.

Story by Guy Campos, AVInteractive

BlueJeans Network has reached a coveted milestone for private software-as-a-service (SaaS) companies, surpassing $100m in annual recurring revenue during the fiscal year that ended January 31, 2019. Over two thirds of this revenue comes from enterprise customers and over the last fiscal year there has been a 62% increase in usage of BlueJeans meetings. BlueJeans has also significantly increased investment in R&D year-over-year, with more than one-fourth of its revenue invested in product development and innovation.

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