Vimeo announced that after nine years at the company, Chief Executive Officer Anjali Sud will be departing to pursue a new opportunity. Effective September 1, board member and seasoned SaaS executive, Adam Gross, will step in as interim CEO while the company initiates a search for a permanent replacement. “As an experienced executive, SaaS veteran…
Vimeo, Inc. announced the appointment of Glenn Schiffman as its new non-executive Chairman. Schiffman served as the Chief Financial Officer of IAC, Inc. from 2016 to 2021 and has served as a member of the Company’s Board of Directors since its spin-off from IAC in 2021. He also serves as the Chief Financial Officer of…
Vimeo, an IAC business and the world’s leading video software company, announced it raised $300 million in primary equity from funds and accounts advised by T. Rowe Price Associates, Inc. and Oberndorf Enterprises, LLC at a valuation in excess of $5 billion. This follows the November 2020 announcement of the company’s $150 million equity raise…
Vimeo, the world’s leading professional video platform, announced a $150 million equity investment from technology investment firm Thrive Capital and GIC. “The funding comes on the heels of record growth at Vimeo—heavily driven by demand from business and corporate customers —and values the software-as-a-service (SaaS) company at $2.75 billion,” Vimeo said in its press release.…