Haivision Continues Record Growth Momentum

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.

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“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.

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