OpenExchange Inc.

OpenExchange Inc. provides advanced virtual communication solutions primarily for investor relations professionals, specializing in high-quality audio and video streaming for corporate events and meetings. Founded in 2009, OpenExchange Inc. operates as a provider of virtual communication solutions.

The company is headquartered in Lincoln, US. OpenExchange was founded by Mehdi Sunderji and Scott Duxbury, with Mark Loehr currently serving as CEO. The company has successfully raised a total of USD 23. 00 mn through 6 deals, with its most recent funding round, Series D, completed on June 7, 2021, featuring investments from Kingfisher Investment Advisors and Stonebridge Ventures.

OpenExchange specializes in providing a suite of virtual communication solutions tailored primarily for investor relations professionals and corporate engagement. Their core offerings include high-quality audio and video streaming services that facilitate seamless virtual meetings, investor days, and corporate events. These products are designed to address the growing need for efficient and impactful communication among institutional banks, investment managers, and corporate entities, enabling clients to share compelling investor narratives with clarity and precision. OpenExchange’s technology is utilized by leading financial institutions and corporations across various global markets, including North America, Europe, and Asia, ensuring consistent service delivery regardless of geographic constraints.

The company emphasizes a commitment to anticipating and resolving potential communication challenges, thereby enhancing the overall effectiveness of virtual engagements. OpenExchange generates revenue through a structured model that includes subscription services for its platform, tailored partnerships with corporate clients, and B2B transactions. Clients typically engage OpenExchange for multiple services, such as hosting investor relations presentations or corporate engagement events, which are billed on a contractual basis. The pricing structure is aligned with the specific services provided, including flagship offerings such as the OE Passport® for Earnings Experience, ensuring that clients receive customized solutions that cater to their unique needs.

These transactions are characterized by a focus on delivering high-value experiences, allowing clients to leverage OpenExchange's expertise in virtual communications for enhanced audience engagement and impact during their key financial events. In June 2021, OpenExchange Inc. raised USD 23. 00 mn in Series D funding, which will be allocated to further the development of its recently-announced OE VIZION product.

The company aims to expand its offerings and enhance its market presence in North America, Europe, and Asia. The new product is expected to cater to the evolving needs of investors and corporate clients, though specific release dates have not been disclosed.