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| Thursday, 21 February 2013, 13:20 HKT/SGT | |
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Source: Conax | |
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| Delivering on demands for pay-TV operators and Telcos positioning for future growth through secure content revenues and delivery |
OSLO, NORWAY, Feb 21, 2013 - (ACN Newswire) - Conax, global provider of future-oriented solutions for securing multi-device and digital content for broadcasters, content providers and Telcos, today reported strong growth in 2012. In a highly competitive global market, Conax won contracts with 26 new pay-TV operators and Telcos and entered 4 new countries, extending the content security provider's global reach to 85 countries. Norway-based Conax also enjoyed its highest shipped volume on record, closing 2012 with a 20% increase on volume over 2011. Q4 revenues also grew substantially, up by 9% from the same quarter in 2011.
"In 2012, Conax launched a new corporate strategy and brand, new products, new solutions and a new partnering strategy for securing our position in the value chain, confirmed President and CEO, Morten Solbakken. We are very pleased these efforts have also materialized in an increased customer base and record volume."
"I am also pleased to introduce Tor Eirik Knutsen, new CFO, to the Conax executive team from February 1st. Tor Eirik has extensive experience within the challenges and opportunities of a global marketplace. His immediate focus will be capitalizing on the new Conax brand and organization for further driving growth and Conax' future market position.
A technology specialist, Conax core development is focused on content security solutions, flexibility and smooth integration with complementary technologies. Concentrated R&D is a cost benefit for Conax customers. Leveraging its global network of strategic partners enables Conax to deliver best-of-breed total solutions for securing pay-content revenues over broadcast and broadband.
With a continual commitment to product and development, over 35% of Conax' human capital is dedicated to R & D. During 2013 and 2014, Conax global strategy includes additional R&D staff and l sales and technical resources to support advanced solutions in mature markets and continued growth and expansion in Asia and the Americas.
About Conax ( www.conax.com )
Conax provides the future-oriented security solutions and expertise that empower multi-screen digital TV content providers around the globe to deliver premium content over the combined Over-The-Top scenario of broadcast, broadband and connected devices securely and eliminate potential revenue threats. Conax Contego(TM) portfolio of solutions furnish content providers, cable, satellite, IP, mobile and terrestrial operators with solutions that offer a competitive advantage - reduced hardware costs, easy deployment and upgrade, including the new Conax Xtend Multiscreen(TM) together with partners. Conax flagship, Conax Contego(TM), bundles 25 years of pioneering experience into one unique solution to guide operators in navigating and realizing new business models. Through its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology secures content for operators representing 125 million pay TV consumers in 85 countries around the globe.
ISO 9001 & 27001 certified, Conax is headquartered in Oslo, Norway, and represented in Russia, Germany, Brazil, USA, Canada, Mexico, Indonesia, Philippines, Thailand, China, Singapore, with 24/7 Global Support operations in India. Conax is part of Telenor Group who has operations in 11 markets, 33.000 employees, 150 million mobile subscriptions and is among the world's largest mobile operators. Corporate responsibility. Follow Conax on Twitter
Conax press contact
Leslie Johnsen, Head-Public Relations
Email: leslie.johnsen@conax.com
Phone: +47 41 45 80 43
Telenor Broadcast press contact
Jorgen Thaule, Communications Director
Email. Jorgen.thaule@telenor.com
Phone: +47 91 55 96 07
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Conax AS via Thomson Reuters ONE
Topic: Earnings
Source: Conax
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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