ITProTV announces 2018 results, 2019 plans
Company reports $10M ARR in 2018
GAINESVILLE, Fla., Feb. 20, 2019 /PRNewswire/ -- ITProTV, the home of binge-worthy learning™ for IT professionals, announced its 2018 results today showing the company exceeded $10M in annual recurring revenue.
"Hitting the $10 million mark is a reflection of the demand for IT skills, the quality and affordability of the platform, plus the tireless team behind it that supports the desired outcomes of our members," ITProTV CEO Tim Broom said.
According to the US Census and the IRS, only 4% of US companies reach $10M in revenue. Additional highlights from 2018 include being named CompTIA's Official Video Training Partner, earning a spot on the Inc. 500 list, and being named one of the Best Companies to Work for in Florida.
"This momentum has continued into 2019, where January was a record-setting month for ITProTV," Broom said. "I am pleased to announce that we are working with Capstone Headwaters to guide us in engaging with growth equity firms as we search for the right partner to fuel our growth."
The ITProTV course library grew to well over 4,000 hours of content in 2018 and new titles have already been added in 2019, including courses in ITIL® 4, CompTIA A+ Core 1 & 2, Microsoft, Cisco CCNP, and more. This is in addition to existing content in Amazon Web Services, Apple, and Linux, plus an overall focus on cloud and security content.
"We're continuing to press for growth with an aggressive pricing strategy," Broom said. "We want to remove pricing as a barrier to those seeking to start or grow an IT career and to corporate teams that need to upskill, so that we can truly disrupt the market."
After just five years in business, ITProTV is experiencing rapid growth as the company sets records for revenues, new members, and new corporate memberships for its IT training platform. ITProTV is disrupting the eLearning market with an affordable, engaging alternative to giants such as LinkedIn Learning, CBT Nuggets and Pluralsight.
ABOUT ITProTV
ITProTV is an online membership platform addressing the global IT skills gap by delivering binge-worthy learning™ to train IT professionals in every stage of their careers. ITProTV turns IT education into a conversation that connects learners to experts and each other. With new content added daily, IT pros can access 4,000+ hours of content, plus practice exams and virtual labs, and be a part of an IT community. ITProTV offers flexible and cost-effective membership options for both corporate teams and individual learners who can learn at their own pace wherever it is most convenient. Learn more at www.itpro.tv.
MEDIA CONTACT
Valerie Riley, [email protected] (352) 389-5528
GROWTH EQUITY CONTACT:
Jacob Voorhees, Capstone Headwaters, [email protected] (617) 619-3323
SOURCE ITProTV
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