Pexip Holding

Regulatory Filings • Sep 16, 2021

Pexip Holding ASA - Awarded Significant Contract Extension with The Defense Information Systems Agency in the United States

Pexip Holding ASA - Awarded Significant Contract Extension with The Defense Information Systems Agency in the United States

Oslo, September 16, 2021: Pexip Holding ASA ("Pexip" or "the Company") has

secured a significant Enterprise Agreement with The Defense Information Systems

Agency (DISA) in the United States (US). The contract is an Enterprise Agreement

for one year with options to extend for two more years.

The Defense Information Systems Agency is a US Department of Defense (DoD)

combat support agency composed of military, federal civilians, and contractors.

DISA provides information technology (IT) and communications support to the

President, Vice President, Secretary of Defense, the military services,

combatant commands, and any individual or system contributing to the defense of

the US.

With the extension, Pexip will provide DISA with self-hosted software that will

power their main videoconferencing service, as well as support interoperability

with Microsoft Teams. This is an extension of the contract between DISA and

Pexip which started in 2019.

DISA will leverage Pexip's technology to support the communication needs of its

user base. Pexip's technology aligns with DISA's need for customized user

interfaces and flexible deployment options across multiple global time zones and

missions. Pexip is JITC-certified, which documents that Pexip is secure and

interoperable per the requirements set by the US Department of Defense.

"I am proud that an organization of such public importance and with such complex

needs as DISA is recognizing Pexip's capability to enable their secure and

flexible video communication. This contract proves that customers value our

unique deployment models, including allowing the software to run inside the

customer's own organization, while at the same time providing industry-leading

interoperability capabilities. This is something that no other manufacturer can

provide", said CFO and Interim CEO, Øystein Hem.

In Q2 2021, Pexip's Annual Recurring Revenue (ARR) was USD 93.7 million. The

contract's annual value to Pexip will be counted in the ARR from Q3 2021. The

contract was part of the communicated pipeline for the second half of 2021.

For further information please contact:

Investors: Mirza Koristovic,  Director Investor Relations, IR@pexip.com, +47 93

87 05 25

Media: Lars-Einar Petterson, Communication Manager,

Lars.einar.petterson@pexip.com, +47 93 44 88 27

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to

-face collaboration, no matter the location or technology. Our scalable platform

enables high-quality video meetings, with enterprise-grade security, and is

easily adapted to fit customers' IT requirements and existing infrastructure.

This makes Pexip the leading provider for  large enterprises and public sector

organizations. The solution is sold through 300 channel partners in 75 countries

and used in more than 190 countries. Pexip was listed on the Oslo Børs in May

2020.