Haivision Reports Record Growth in 2011
and CHICAGO: Haivision Network Video said it recorded a 47 percent increase in
fiscal 2011 over the previous year, contributing to a 50 percent compound
annual growth rate over the past six years. Haivision said it logged its 16th
consecutive quarter of positive earnings before interest, taxes, depreciation
“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.
Haivision said it’s been able to successfully acquire and integrate
four software companies in just over two years, including Video Furnace,
CoolSign, KulaByte, and MontiVision Imaging Technologies. The acquisitions have
contributed to Haivision’s end-to-end IP media delivery business, supporting H.264
video encoding with enterprise IP video management, digital signage, and
Internet media encoding and transcoding.
Haivision said it released three new product technologies in 2011: the
Viper multichannel HD video recording and streaming appliance; the Kraken real-time
transcoding appliance; and the HyperStream Internet media cloud transcoding
service based on KulaByte software transcoding.
Haivision now has more than 160 employees across four continents and
sells through more than 300 OEMs, integrators, and resellers.