Record Travel Costs Drive Dimdim's Growth

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Dimdim's virtual meetings replacing physical meetings at an unparalleled rate due to soaring fuel costs. User demand also results In multiple product enhancements.

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We recently raised $6 million in additional funding to service this unprecedented demand. This funding had also allowed us to incorporate advanced features that make the virtual meeting experience so compelling that the need for in-person meetings is considerably reduced

Dimdim, the world's free open source web meeting company, today reported year-over-year growth of more than 792% in the number of people using its web meeting service and a 385% increase in the number of meetings being held. In July alone, Dimdim facilitated over 32,000 virtual meetings totaling more than a million minutes.

Dimdim attributes this explosive growth directly to soaring oil prices, which increased travel costs for consumers and businesses. This trend is not limited to the U.S., but is a global phenomenon in each of the more than 180 countries where Dimdim is used. In 2008, Dimdim users may have saved more than $61 million in travel expenses and eliminated over 100,000 metric tons of CO2 emissions into the atmosphere.

"While Dimdim has been growing fast since our launch in September 2007, the growth that we've experienced over the last three months has been phenomenal. In the last month alone, our users have spent more than 59 trillion minutes in Dimdim Web meetings. We've seen businesses, consumers, government and religious organizations turn to our free Web meeting service to save money in this time of towering travel costs," said DD Ganguly, CEO and co-founder of Dimdim.

As a direct response to customer feedback, Dimdim has today released an upgraded version that includes new capabilities directly requested by their users. More than 50 enhancements have been incorporated into Dimdim 4.0, the most requested new features include:

  •     Recording: Hosts can now record meetings and share playback URLs or embed the recording directly on their own website
  •     Multiple Presenters: Hosts can promote any attendee to a presenter
  •     Mac Desktop Sharing: Mac users can easily share their screens
  •     Free Teleconferencing: All users now get their own free phone conference account
  •     Privacy: the ability to host Public and Private Meetings

In a recent survey by Orbitz*, 79% of business travelers and corporate travel managers said they felt under pressure to cut their travel expenses. However, expenses associated with travel go beyond hard financial costs. In joint research published on June 20, 2008, the Global eSustainability Initiative (GeSI) and Climate Group** reported that CO2 emissions caused by transport would be reduced by 140 million and 220 million tons in the years 2010 and 2020 by using technologies such as videoconferencing and teleworking.

"We recently raised $6 million in additional funding to service this unprecedented demand. This funding had also allowed us to incorporate advanced features that make the virtual meeting experience so compelling that the need for in-person meetings is considerably reduced," continued DD Ganguly.

Dimdim Press Conference:
To discuss this momentum, Dimdim's CMO, Steve Chazin will answer questions via a free Dimdim Web Meeting today, Wednesday, August 6, 2008 at 4:00 PM EDT.

To join this meeting, simply paste the following URL into any Web browser at the time of this meeting: http://webmeeting.dimdim.com:80/portal/JoinButton.action?confKey=meetfreely

Click this link to add a reminder to Outlook or your iCal application: http://webmeeting.dimdim.com:80/portal/GetStartConferenceForm.action?email=EMAIL&meetingId=5e203858-b16e-102b-a126-003048944478

About Dimdim:
Dimdim is the world's only free, open source web meeting company.
Dimdim provides a hosted web conferencing service where up to 20 people can share their desktop, show documents and slides, collaborate, chat, talk and broadcast via webcam with absolutely no download required - all for free. Dimdim also offers more powerful versions that can support hundreds and even thousands of attendees per meeting while saving money, time and CO2 emissions. Dimdim is backed by the original investors in Skype, Hotmail, and MySQL. Dimdim is based in Boston, Mass., with offices in New Hampshire, Canada and India.

Save the world and meet freely at Dimdim's site.

*Source: Orbitz for Business/Business Traveler Magazine survey
**Source: June 20, 2008 by the Global eSustainability Initiative (GeSI) and Climate Group

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Andrea Heuer
Dimdim
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