Inlet Technologies touts new customers, 140% growth in sales in 2009

Video encoding and live streaming video company Inlet Technologies, lost its CEO and co-founder Neal Page to leukemia during 2009, a blow to any organization. But the company moved forward through the year and announced this week that it added more than 150 new customers and saw revenues come in 140 percent higher than in 2008.

Inlet said 2009 was notable for several innovations it introduced, including its early support of live streaming to the iPhone and being the first encoding company to announce live and VoD support for the Microsoft IIS7 Smooth Streaming platform.

Inlet also recently announced it was selected to provide Microsoft Internet Information Services Live Smooth Streaming online video for NBC Universal during the network's coverage of next month's Olympic Winter Games from Vancouver.

"Given our impressive growth, customer successes, and other technology innovations over the past year, Inlet has emerged as the de facto provider of encoding solutions to enable live and on-demand streaming of content for three screens - web, mobile and STB," Don Bossi, chairman and CEO of Inlet, said.  "We will continue to redefine online video by building cohesiveness between traditional and new media that will allow our customers to easily reach their dynamic audiences with more unique and personalized experiences."

Page and John Bishop founded the company in 2003; to date, the private company has raised more than $20 million from investors including Capitol Broadcasting Company, Core Capital Partners, Technology Venture Partners and the Telecommunications Development Fund.

For more:
- see this release

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