Encoding specialist Envivio says it reached profitability last year as increasing demand for live and on-demand multi-screen IP video processing and delivery solutions, helped make its FY 2011, which ended Jan. 31, its most successful ever as it doubled both its revenues and sales bookings.
The company said it's continuing to strengthen its position in the market, noting that development of new sales channel has resulted in approximately 70 percent of the its sales being made through partners last year, including several major partners, notably Ericsson in North America and Europe; Huawei in Asia and the Middle East; SeaChange in the U.S. and multiple international markets; and Axcera and LARCAN in the U.S for opportunities with national and local broadcast television stations.
"The success of the past year is clear validation of Envivio's TV without boundaries strategy that creates solutions to deliver the best subscriber experience regardless of the viewing platform," said Envivio CEO Julien Signès. "The traditional broadcast television world is changing: TV is no longer limited to stationary screens in the home, but is now being delivered to every IP connected device, whether it is an iPad, iPhone, Android phone or tablet, or other dynamic device. Envivio, with its flexible software-based platform, is in a unique position to enable traditional and emerging TV service providers to fulfill their customers demand for the support of this TV revolution."
Envivio said FY2011 highlights included:
- Over 250 percent growth year over year in the United States;
- Deployments at five of the top six Cable and Telecom operators in the U.S.;
- Revenue and bookings doubled each quarter throughout FY2011.
Also last year, Envivio earned Frost & Sullivan's 2010 Global Customer Value Enhancement of the Year Award in the Pay-TV Video Encoders market, and, in July, it completed a $15 million mezzanine funding round.
In recent months the company has shaken up its management team adding Erik Miller as CFO, Kevin O'Keefe as COO. Envivio's Chairman of the Board, Gianluca Rattazzi, has taken an increased role at the company as executive chairman to assist with corporate and business development.
Envivio now serves more than 200 customers in over 50 countries.
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