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Haivision's Growth in 2010 Marks Record Year

April 27, 2011 | William Zimmerman

Haivision, a provider of video networking, digital signage and IP video distribution solutions, recently announced that 2010 represented yet another record-breaking year for the company. Haivision realized a 45 percent increase in revenue over 2009, according to the company. Its remarkable growth was driven by the release of market-focused solutions and the expansion of its worldwide sales, support and engineering teams, said the company.

"Despite the continued financial challenges facing the industry, Haivision has leveraged its unique technology, exceptional personnel, and market-focused strategy to realize an astonishing 51 percent compounded annual growth rate (CAGR) for the past five years, including its 13th consecutive EBITDA-positive quarter," said Mirko Wicha, president and CEO of Haivision, Montreal, Quebec, Canada. "We have seen accelerated adoption of our products and solutions in both new and established markets. We are a high-growth and profitable company, and we look forward to continued success as 2011 unfolds."

In 2010, Haivision was once again ranked among the Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Canada, said the company. The company's growth has been supported by its strategic focus on the medical, enterprise and education markets, with a special emphasis on the federal and military sectors, according to the company. Haivision has significantly expanded its U.S. federal team with federal sales now representing 35 percent of the company's revenue, according to the company. The company continues to expand its field operations to address global markets, recently doubling the size of its European team, said the company.

Also in 2010, Haivision released industry-leading solutions for recording and distributing rich media assets with metadata to all platforms, including mobile devices, desktops and set-top-box appliances, said the company. In addition, Haivision received a patent for its "zero footprint" InStream soft player, a primary enabler of the company's Furnace IP video system, said the company.

The acquisition of CoolSign, a veteran player in the digital signage market, in November 2010, put Haivision in the unique position of being able to deliver solutions that combine intelligent video with graphics and data and enable easy, secure delivery to any desktop, display, digital frame or mobile device, said the company.

Haivision has three main engineering offices in Montréal, Chicago, Ill., and Beaverton, Ore. These geographically distributed offices work collaboratively using the Scrum agile development process, relying on Haivision's own Mako "always-on" HD telepresence codec systems and high-quality network connections to provide true-to-life video communications, said the company.

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