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Conax Revenues Rise 9% in 2012

Light Reading
News Wire Feed
Light Reading
2/22/2013
50%
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OSLO -- Conax, global provider of future-oriented solutions for securing multi-device and digital content for broadcasters, content providers and Telcos, today reported strong growth Iin 012. In a highly competitive global market, Conax won contracts with 26 new pay-TV operators and Telcos and entered 4 new countries, extending the content security provider's global reach to 85 countries. Norway-based Conax also enjoyed its highest shipped volume on record, closing 2012 with a 20% increase on volume over 2011. Q4 revenues also grew substantially, up by 9% from the same quarter in 2011. "In 2012, Conax launched a new corporate strategy and brand, new products, new solutions and a new partnering strategy for securing our position in the value chain, confirmed President and CEO, Morten Solbakken. We are very pleased these efforts have also materialized in an increased customer base and record volume." "I am also pleased to introduce Tor Eirik Knutsen, new CFO, to the Conax executive team from February 1st. Tor Eirik has extensive experience within the challenges and opportunities of a global marketplace. His immediate focus will be capitalizing on the new Conax brand and organization for further driving growth and Conax' future market position." Conax AS

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