Light Reading
But shoots off a toe, as shares drop 5% in their debut. TW Cable, Huawei and Ericsson were its largest customers in fiscal 2012

Envivio Pulls the IPO Trigger

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
4/25/2012
50%
50%

Envivio Inc. (NASDAQ: ENVI) launched its IPO, a year in the making, on Wednesday, but shares in the streaming video company fell 51 cents (5.7%) in their debut, ending the day at $8.49.

It's trading on Nasdaq under the "ENVI" ticker. (See Envivio Goes for IPO Glory .)



San Francisco-based Envivio sold 7.75 million shares at $9 each for a grand total of $69.75 million. Envivio's underwriters, led by Goldman Sachs & Co. , have a 30-day option to buy up to 1.16 million additional shares of common stock.

Envivio specializes in video processing, transcoding and encoding software that sits on standard servers and targets TV Everywhere deployments. Time Warner Cable Inc. (NYSE: TWC), sources confirmed, uses Envivio's platform to stream live TV to iPads, iPhones and iPad Touches; PCs and Macs; and, more recently, to certain Android devices. (See TWC Streams Live TV to Androids.)

According to Envivio's latest Securities and Exchange Commission (SEC) filing, the company recorded a profit of $659,000 on revenues of $50.6 million for the year ended Jan. 31, 2012. That's up from a year-earlier loss of $1.98 million on revenues of $30 million. It ended fiscal 2012 with cash and cash equivalents of $76.8 million.

Envivio's largest customer is Time Warner Cable, accounting for 18 percent of total revenue in the most recent fiscal year, followed by channel partners Huawei Technologies Co. Ltd. and Birtel Network Technologies (both 12 percent) and Ericsson AB (Nasdaq: ERIC) (11 percent). Although a U.S. MSO tops that list, Envivio , whose roots are traced to Orange (NYSE: FTE), generated 71 percent of its fiscal 2012 revenues from outside the U.S.

Envivio is not exactly what you'd call a fresh-faced startup, as it was founded in 2000. Some of its primary competitors include Harmonic Inc. (Nasdaq: HLIT), RGB Networks Inc. and Cisco Systems Inc. (Nasdaq: CSCO) (via its acquisition of Inlet Technologies.). Of that group, RGB remains private, but has IPO ambitions. (See Cisco Paints Inlet Into Its Videoscape and RGB Raids Envivio .)

— Jeff Baumgartner, Site Editor, Light Reading Cable

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Jeff Baumgartner
50%
50%
Jeff Baumgartner,
User Rank: Light Beer
12/5/2012 | 5:35:03 PM
re: Envivio Pulls the IPO Trigger


Of the $69.75M raised, $58.5M of it will land in Envivio's hands. JB

Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Interviews
The New Wave of IP + Optical Integration

11|21|14   |   04:29   |   (1) comment


At the Alcatel-Lucent Technology Symposium, Heavy Reading senior analyst Sterling Perrin talks about how SDN has reshaped the discussion around packet and optical integration.
LRTV Huawei Video Resource Center
Huawei Highlights at BBWF 2014

11|20|14   |   3:40   |   (1) comment


Broadband World Forum is one of the world's largest telecoms, media and technology events with over 7,800 senior executives from across the globe converging on Amsterdam every year to identify the Next Big Thing. BBWF is an exciting place to meet the entire industry under one roof and identify the latest in network innovation, service optimization and customer ...
LRTV Huawei Video Resource Center
How Will BCMS Stimulate Margin for Broadband Operators?

11|19|14   |   6:52   |   (0) comments


In BBWF 2014, Liu Shuqing emphasizes the value of FMC 2.0 based full service experience by throwing light on the BCMS solution. The underlying principle of this innovative technique is to create network robustness and driving network from connection oriented to ACE – BAND oriented infrastructure, in which applications, cloud, and user experiences will be an asset ...
LRTV Huawei Video Resource Center
SingleFAN3.0: Better Connected Experience

11|19|14   |   3:06   |   (1) comment


At the BBWF 2014, David Hu, the VP of Huawei Access Network Product Line, talked about the future of access networks – SingleFAN3.0: faster broadband, wider coverage, and smarter connection.
LRTV Interviews
Basil Alwan Interview: The Road to Cloud

11|19|14   |   09:09   |   (0) comments


Alcatel-Lucent's head of IP and Transport talks about the migration towards a web-like networking environment, the impact of the cloud, SDN and NFV, and the yet-to-be-announced FP4 chip.
LRTV Documentaries
FairPoint Makes a Fair Point About Analytics

11|19|14   |   1:56   |   (1) comment


The US-based communication service provider gets to grips with advanced analytics, tackling data and breaking down the silos within its own business.
LRTV Documentaries
Analytics Lets C Spire Get to Know Subs

11|19|14   |   3:01   |   (2) comments


It's all about the data for US operator C Spire as it uses analytics to personalize its customer service down to individual subscribers.
LRTV Interviews
Nuage Branches Out With SDN: CEO Interview

11|17|14   |   9:32   |   (0) comments


Sunil Khandekar, CEO of Alcatel-Lucent's SDN-focused unit Nuage Networks, talks about the opportunities and challenges of breaking out of the data center into wide-area networks.
Light Reedy
Telecom Analytics Grows Up

11|14|14   |   1:15   |   (4) comments


The big data analytics debate has moved on from a year ago, with some experts suggesting it's no longer a technology challenge.
LRTV Huawei Video Resource Center
Huawei Compass

11|14|14   |   3:17   |   (1) comment


At OpenStack Summit 2014, Shuo Yang, Huawei Principal Cloud Infrastructure Architect introduced Huawei Compass, the software tool for solving customers' problems on the journey of OpenStack Cloud.
LRTV Huawei Video Resource Center
Huawei's Cloud Strategy in European Region

11|14|14   |   2:56   |   (1) comment


At OpenStack Summit 2014, Dr. Gotz, CTO of Huawei IT in European Region introduced Huawei's cloud strategy in European region.
LRTV Huawei Video Resource Center
Huawei's Contribution on OpenStack

11|14|14   |   5:58   |   (0) comments


At OpenStack Summit 2014, Dennis Gu, Huawei Chief Architect of Cloud Computing introduced the relationship between OpenStack and cloud computing, and Huawei's contribution on OpenStack.
Upcoming Live Events
December 2, 2014, New York City
December 3, 2014, New York City
December 9-10, 2014, Reykjavik, Iceland
February 10, 2015, Atlanta, GA
April 14, 2015, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 30, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Infographics
Irish Telecom outlines the rise of VoIP technology, including its adoption within businesses and their perception of its quality.
Hot Topics
Bell Labs Chief Slams 'Toy' Networks
Robert Clark, 11/19/2014
$38.3M: Ain't That a Kik in the SMS
Sarah Reedy, Senior Editor, 11/20/2014
Subsea Market Lures New Cast of Characters
Dan O'Shea, Managing Editor, 11/14/2014
Pics: Verizon's Chicago Destination Store
Sarah Reedy, Senior Editor, 11/19/2014
Like Us on Facebook
Twitter Feed