Haivision, a global leader in enterprise IP video streaming solutions, continues its strong growth momentum to $50 million in annual revenue, with a 390 percent revenue increase in its new cloud-based media delivery services. The company has been continuously profitable since 2008 and its high revenue growth has been achieved through a 45.5-percent compounded annual growth rate (CAGR) over the last five years.
“Our consistent growth has been fueled by organic profitability and it will continue to be driven by successfully, combining on-premise, end-to-end IP video workflow solutions with cloud-based systems,” said Mirko Wicha, president and CEO of Haivision. “We have seen a dramatic surge in our Internet media business in the last six months, with our streaming solutions being utilized for large-scale, global events such as the 2012 London Games.”
With more than 200 employees worldwide, Haivision also announced multiple regional offices expansion to support its continued growth. The Montreal-based headquarters has doubled its office space and includes a new training facility. Haivision has also added new offices in Germany, Austin, and Atlanta, which includes a state-of-the-art demonstration facility.
In addition to new Internet media delivery services, Haivision has recently launched the Makito™ X series, its next-generation, high-definition H.264 encoding platform. With dual-channel HD encoding, the Makito X2 delivers twice the quality at half the bandwidth of competing encoders. The new Makito X platform, along with new technology announcements in the coming year, is expected to significantly contribute to the company’s continued growth.
Haivision provides organizations with end-to-end solutions for HD video streaming, recording, management, and video delivery on-premise, over the Internet, and in the cloud. With more than 15,000 video solution systems installed worldwide and delivery of media to more than 5 million players daily, Haivision products are sold through more than 300 market-focused resellers, integrators, and OEMs worldwide.