ATEME grows revs by 24%
DetailsMichelle Clancy | 12 February 2015
Video delivery specialist ATEME has reported increased annual revenues for 2014 that were up 24% to €25.4 million over 2013 total (€20.6 million)
This marks the third year of consecutive growth, with an increase of customers in the portfolio (including the BBC), where the largest customer represents 12.6% of revenues. It also powered video for the FIFA World Cup.
In 2014, the company released its File and Live Ultra HD HEVC encoder-transcoders with high dynamic range (HDR), and video broadcast solutions with virtual reality applications. Also, it released an ultra-low latency gen5 video quality engine, which enables higher video quality at a lower bitrate, to support contribution over open Internet.
The company expanded geographic coverage by increasing sales and support resources in the Americas, Europe and the Middle East. Also, it hired industry veteran Yossi Aloni as chief marketing officer. Prior to joining ATEME, Aloni held key management and marketing positions at Magnum, Optibase and MGM International. Other key hires include Deborah Gallin as vice president of corporate marketing and Francois Cavalade as worldwide channel director.
In addition, AETME added R&D resources at its Paris headquarters and a new R&D centre in Rennes, France following the acquisition of the intellectual property of Emsytech, an audio software solutions company whose technology provides ATEME with an audio-levelling engine and a new set of audio compression codecs.
"We have a well-established, worldwide footprint and 2014 allowed us to solidify our base for growth," said Michel Artières, CEO of ATEME. "We are now the trusted technology partner in video compression for 200 customers from around the world. We will continue with investment strategies to provide full, flexible software solutions and to become a more agile solutions provider."