RGB Networks hails ‘significant’ sales milestone3 August 2011
Strong worldwide demand for RGB Networks’ TV Everywhere solutions has propelled the company’s lifetime product shipments past $200 million, writes Ian McMurray. The pace of RGB’s growth is accelerating, with the company earning its second $100 million in shipments in two years compared to over three years for its first $100 million.
“Achieving $200 million in lifetime shipments is another significant milestone for RGB and our accelerated pace of growth clearly shows that we have the right TV Everywhere solutions at the right time as service providers around the world are striving to deliver live and on-demand programming to TVs, tablets, PCs and mobile devices,” said Jef Graham, CEO of RGB Networks. “We have now achieved the size, revenues, profitability and broad customer base that position RGB for a successful public offering.”
The company says that demand for RGB’s TV Everywhere solutions has been growing strongly, in particular for the award-winning Video Multiprocessing Gateway (VMG). More than 30 major service providers across the globe are currently taking advantage of the industry-leading capabilities of the VMG to power trials and deployments of multi-screen TV Everywhere services. According to RGB, the VMG’s unique combination of unmatched transcoding capacity and scalability with true ‘carrier-class’ reliability make it the ideal solution for cost-effectively converting trials into full-scale launches of multi-screen video services for millions of subscribers.