Haivision's Growth in 2010 Marks Another Record Year
Explosive Growth -- a 51-Percent Compound Annual Growth Rate for the Past Five Years -- Fueled by Success in the Federal, Medical, and Enterprise Markets
MONTREAL and CHICAGO(21 Apr 2011)
Haivision, a leading provider of the most advanced video networking, digital signage, and IP video distribution solutions, today announced that 2010 represented yet another record-breaking year for the company. Haivision realized a 45-percent increase in revenue over 2009. Its remarkable growth was 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-percent compounded annual growth rate (CAGR) for the past five years, including its 13th consecutive EBITDA-positive quarter," said Mirko Wicha, president and CEO of Haivision. "We have seen accelerated adoption of our products and solutions in both new and established markets. We are a high-growth and profitable company, and we look forward to continued success as 2011 unfolds."
In 2010, Haivision was once again ranked among the Deloitte Technology Fast 50(TM), 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 percent of the company's revenue. 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, Haivision received a patent for its "zero footprint" InStream(TM) soft player, a primary enabler of the company's Furnace(TM) IP video system.
The acquisition of CoolSign, a veteran player in the digital signage market, in November 2010 put Haivision in the unique 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. These geographically distributed offices work collaboratively using the Scrum agile development process, relying on Haivision's own Mako(TM) "always-on" HD telepresence codec systems and high-quality network connections to provide true-to-life video communications.
Information about Haivision products and solutions is available at www.haivision.com.
About Haivision Network Video
Haivision delivers advanced technology for streaming, recording, managing, and distributing secure IP video and interactive media within the enterprise, education, medical/healthcare, and federal/military markets. Haivision is a private company based in Montreal and Chicago with a global sales and support organization distributing its products through value-added resellers, system integrators, distributors, and OEMs worldwide.