Vimeo Overview
Vimeo, a subsidiary of IAC (InterActive Corp) is a professional video platform and community. With over 150 million members across more than 150 countries, Vimeo is aiming help anyone grow their business by making it easy to create and market high-quality, impactful videos. In 2019, Vimeo acquired the Israeli startup, Magisto. Following the acquisition, Vimeo and Magisto will work together to develop entirely new short-form video creation capabilities for the Vimeo platform, with the goal of helping any individual or business tell their stories with professionalism and ease. Magisto users will also be able to seamlessly access Vimeo's full suite of workflow tools, so they can deploy their videos across platforms with a click of a button and measure performance all in one place.
Latest News
growth-positive
אחרי הקיצוצים: מרכז הפיתוח התל אביבי של חברת הווידאו וימאו מתרחב
American video company Vimeo is expanding its presence in Israel and plans to increase its workforce by tens of percent, according to Zohar Dayan, Vice President of Product at Vimeo and manager of operations in Israel. The expansion, which will include the recruitment of about 40 employees in the coming months, comes after the company laid off employees last year, including in Israel, and its workforce in the country shrank. Despite many companies reducing their operations in the country due to challenging security and social conditions, Vimeo continues to see Israel as a vital technology center.
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growth-positive
אחרי הקיצוצים: מרכז הפיתוח התל אביבי של חברת הווידאו וימאו מתרחב
American video company Vimeo is expanding its presence in Israel and plans to increase its workforce by tens of percent, according to Zohar Dayan, Vice President of Product at Vimeo and manager of operations in Israel. The expansion, which will include the recruitment of about 40 employees in the coming months, comes after the company laid off employees last year, including in Israel, and its workforce in the country shrank. Despite many companies reducing their operations in the country due to challenging security and social conditions, Vimeo continues to see Israel as a vital technology center.
ExpandLayoffs
growth-negative
Vimeo global layoffs to include Israel
Video platform company Vimeo is cutting its workforce by 11%, including design and creative staff, software programmers, and product development and marketing teams in Israel. This is the second wave of layoffs after the company fired 70 employees in July 2022. The CEO stated that the decision will allow Vimeo to be more focused and successful, invest in growth goals, and become profitable. Vimeos share price has fallen 94% since its IPO in May 2021, but has risen 13% in the past five days. The companys market cap is $598 million. Vimeos Israel operations were based on the acquisition of video creation company Magisto in 2019. In 2021, Vimeo acquired Israeli AI video startup Wibbitz.
Layoffs
growth-negative
Vimeo slashes workforce by 6%, including in Israel R&D center CTech
Vimeo, the video hosting, sharing, and services platform, is laying off 6% of its workforce, which equates to around 70 employees, including 10 from its Israel location. The company had planned to double its headcount in Israel, but due to the global economic downturn, it is reducing it instead. Vimeos local R&D center is built around the staff of automated video creation company Wibbitz, which it acquired last November, and Israeli startup Magisto, bought for $100 million in 2019.
LayoffsAcquisition
growth-positive
Vimeo to Acquire WIREWAX and Wibbitz, Further Expanding Its Video Software Solution for the Enterprise
Vimeo has announced agreements to acquire WIREWAX and Wibbitz, two companies that bring proprietary technology and products to Vimeos all-in-one video solution. The acquisitions are expected to extend Vimeos position as a professional video software solution for businesses. WIREWAX specializes in interactive and shoppable video experiences, while Wibbitz provides an enterprise video creation suite. Both companies capabilities will be added to the Vimeo platform in 2022. The acquisitions are expected to have a positive impact on Vimeos growth. No financial terms were disclosed.
AcquisitionPartners
Team Members
3
Employees: 51-200
Web & Social Links
| Website | vimeo.com/ |
Locations
HaMazmera Street 3, Ness Ziona, Israel
New York, NY, USA
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