Haivision Claims 45% Revenue Increase in 2010
Gail Chiasson, North American Editor
Management of Haivision, Montreal provider of advanced video networking, digital signage, and IP video distribution solutions, says that 2010 represented yet another record-breaking year for the company, with a 45% growth in revenue over 2009, driven by the release of market-focused solutions and the expansion of its worldwide sales, support, and engineering teams.
“Despite the continued financial challenges facing the industry, Haivision has leveraged its unique technology, exceptional personnel, and market-focused strategy to realize an astonishing 51% compounded annual growth rate for the past five years, including its 13th consecutive EBITDA-positive quarter,” says Mirko Wicha, president and CEO, Haivision. “We have seen accelerated adoption of our products and solutions in both new and established markets. And we look forward to continued success as 2011 unfolds.”
In 2010, Haivision was again ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada. The company’s growth has been supported by its strategic focus on the medical, enterprise, and education markets, with a special emphasis on the federal and military sectors. Haivision has significantly expanded its U.S. federal team with federal sales now representing 35% of the company’s revenue.
And the company continues to expand its field operations to address global markets, recently doubling the size of its European team.
Also in 2010, Haivision released industry-leading solutions for recording and distributing rich media assets with metadata to all platforms, including mobile devices, desktops, and set-top-box appliances. In addition, it received a patent for its ‘zero footprint’ InStream soft player, a primary enabler of the company’s Furnace IP video system.
The acquisition of CoolSign, a veteran player in the digital signage market, in Nov., 2010 put Haivision in the position of being able to deliver solutions that combine intelligent video with graphics and data and enable easy, secure delivery to any desktop, display, digital frame, or mobile device.
Haivision has three main engineering offices in Montreal, Chicago, and Beaverton, Ore.
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