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
CenturyLink: Building the Case for NFV

12|19|14   |   02:14   |   (0) comments


At the 2020 Vision Executive Summit, James Feger, VP, Network Strategy & Development at CenturyLink, talks about how the US operator is approaching virtual network functions from an operational and business case perspective.
LRTV Interviews
Liberty Global Sees Business Goldmine

12|18|14   |     |   (0) comments


Steen Sorensen, VP of business services for Liberty Global, explains where the giant international MSO sees growth potential.
LRTV Documentaries
EE: The Road to 5G

12|16|14   |   16:02   |   (1) comment


Andy Sutton, the principal network architect at UK mobile operator EE, explains how his company is using Wembley stadium as a wireless test bed and how that's helping EE to plan the evolution to 5G.
LRTV Huawei Video Resource Center
Highlights of Huawei's NFV Open Cloud Forum 2014

12|16|14   |     |   (0) comments


Huawei hosted its inaugural NFV Open Cloud Forum during the SDN & OpenFlow World Congress 2014 in Düsseldorf, Germany. The Forum brought together technology thought leaders, senior executives and telecom professionals from global carriers, industry associations, as well as other partner companies in the ecosystem, to exchange views on and collectively explore how ...
LRTV Custom TV
Realizing Operators' Digital Vision

12|16|14   |   5:23   |   (0) comments


Leveraging technology is fundamental to digital transformation but understanding customers and serving them really well is at the heart of digital businesses. TM Forum lists the following as the strategic pillars of the digital business: business agility and rapid innovation, operational agility and effectiveness, IT and data centricity, plus customer centricity. ...
LRTV Documentaries
US Cellular Injects Analytics Into LTE

12|16|14   |   2:57   |   (1) comment


US Cellular's Mario Vela explains how the operator uses analytics for network planning and what comes next as the carrier looks to eke more value out of its metrics.
LRTV Interviews
How Cox Biz Plans to Keep Growing

12|15|14   |     |   (2) comments


Steve Rowley, SVP of Cox Business, details how the third-biggest US MSO intends to boost its revenues to $2 billion and beyond over the rest of the decade
LRTV Huawei Video Resource Center
Interview With Bill Zhang, Director of SoftCOM Product Management, Huawei

12|15|14   |   2:50   |   (0) comments


Bill Zhang elaborated on Huawei's open philosophy in NFV solution development and network architecture design at the SDN & OpenFlow World Congress 2014.
LRTV Huawei Video Resource Center
Event Highlights: Huawei at SDN & OpenFlow World Congress 2014

12|15|14   |   3:43   |   (0) comments


Huawei joined the 2014 SDN & OpenFlow Congress as one of the key sponsors and contributors. At the event, Huawei reinforced the openness and flexibility of its network infrastructure strategies, and provided updates on its SDN and NVF innovations. Through participations at the exhibitions, forums and speeches, Huawei encouraged the industry to "think bigger and ...
LRTV Interviews
How Cable Biz Services Hit $10B Mark

12|12|14   |     |   (1) comment


Cable operators reached $10 billion in annual business services revenues by delving deeper into their vertical markets and expanding beyond the smallest firms.
LRTV Documentaries
Mediacom Aims to Test Connected Tractors

12|11|14   |   05:07   |   (3) comments


Cable business service provider is taking its services to the 'agribusiness' sector in partnership with farm equipment specialist John Deere and is getting involved in Gigabit Cities developments.
LRTV Interviews
TWC Business Looks Beyond $3B

12|10|14   |     |   (0) comments


TWC Business Services chief Phil Meeks explains how his unit has reached $3 billion in annual revenues and what its plans are for next year.
Upcoming Live Events
February 10, 2015, The Westin Peachtree Plaza, Atlanta, GA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Hot Topics
Vodafone to Ride T-Mobile Back Into US
Dan Jones, Mobile Editor, 12/12/2014
T-Mobile, BlackBerry Flirt With Reuniting
Sarah Reedy, Senior Editor, 12/17/2014
1-Gig: Coming to a Small Town Near You
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 12/17/2014
T-Mobile Lights Up 27 Wideband LTE Cities
Sarah Reedy, Senior Editor, 12/15/2014
US Carriers, You're Going to Cuba!
Mitch Wagner, West Coast Bureau Chief, Light Reading, 12/18/2014
Like Us on Facebook
Twitter Feed
Webinar Archive