4KTV, HEVC demand spurs solid growth for ATEME
Editor | 05-03-2014
Advanced video compression solutions provider ATEME has revealed a robust 2013 reaching throughout the year what it calls "significant milestones" in customer adoption, corporate growth and advanced technology.
Overall at the end of 2013, the company Increased annual revenues year-on-year 18% to $28.5 million, with emerging markets in APAC and Latin American representing 30% of the total and 93% of its revenue outside its domestic market of France.
The company's commitment to international markets was clearly shown by extending reach to more than 200 customers in over 60 countries. During the year, the firm increased its presence further with new offices in Brazil, Singapore and Malaysia and appointed a new Singapore-based Asia Pacific regional director.
From a product perspective, ATEME claimed to have experienced significant growth through its TITAN Live product line with deployments in IPTV, terrestrial, satellite and over-the-top (OTT) video distribution. It enabled new practices in contribution over IP using the open Internet or Ka-Band to reduce operating expenses for broadcasters.
However ATEME believes that it has drawn particular benefit from increasing demand for compression products that support high efficiency video coding (HEVC) standard, and 4KTV/UltraHD products and services. ATEME revealed that the introduction of HEVC capabilities into its key product lines generated "a notable fraction" of Q4 revenues in 2013 and positioned the company as a "leading innovator" in the video compression market. It strengthened its UltraHD TV ecosystem through co-operative efforts with the 4EVER Project; as well as with semiconductor, set-top box and TV manufacturers.
"As the evolution of the video compression industry continues, our clients look to us to deliver the technology they need to stay ahead of the game," commented ATEME CEO Michel Artières. "Through our extensive commitment to research and development, we are able to deliver the exceptional quality of experience and reduced operating costs our customers around the world have come to expect."