February 16, 2012
By Melody Uy
Montreal and Chicago – Haivision Network Video announced significant revenue growth in its fiscal year 2011 with a 47 percent increase over fiscal year 2010, contributing to a 50-percent CAGR over the past six years.
Haivision technology is focused on intelligent media pipelines that incorporate video, graphics, and metadata to help customers to build, manage, and distribute its media content to users throughout an organization or across the Internet.
Haivision has also increased its profitability steadily, ending 2011 with its 16th consecutive quarter of positive EBITDA results. “The company has fueled its rapid growth over the past six years through organically generated profits rather than depending on outside capital,” said Mirko Wicha, president and CEO of Haivision.