RGB Networks has said its three-screen strategy led to record growth in 2010 amid suggestions that the company might be considering an IPO. Shipments in 2010 recorded a 60% increase over 2009 and RGB says it was profitable within the year.
Formed in 2005, RGB has shipped nearly $200 million (€151.6 million) in products and services to over 200 cable, telco, satellite, over-the-top (OTT) and mobile operators in more than 30 countries. It is owned by a basket of Silicon Valley investment companies that include Accel Partners, Kleiner Perkins Kaufield and Byers and Comcast Interactive.
“RGB Networks had a tremendous 2010 despite a weak global economy. This success is due in equal parts to sound business execution and having a unique solution that meets the needs of an expanding market at just the right time,” said Jef Graham, CEO of RGB Networks. “RGB is addressing the challenges of both traditional video service providers, as well as the telco and mobile ‘video newcomers’ worldwide. As these operators deploy services to TVs, PCs and mobile devices, the need – and demand – for our integrated three screen transcoding and advertising solutions grows, which makes us confident of continuing our success in 2011.”
Internationally, RGB says it also recorded record revenues, though the company was unable to match the glowing terms of its press statement with specific numbers.