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 compound annual growth rate (CAGR) over the past 5 years.
“Our consistent growth has been fueled by organic profitability and 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 London 2012 Olympic Games.”
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.
With more than 200 employees worldwide, Haivision also announced multiple regional office expansions 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.