Demand for TV Everywhere solutions have taken RGB Networks past a shipment milestone of $200 million (€135 million). While it look three years for the company to reach $100 million worth of shipments, the second $100 was achieved in just two.
“Achieving $200 million in lifetime shipments is another significant milestone for RGB and our accelerated pace of growth clearly shows that we have the right TV Everywhere solutions at the right time as service providers around the world are striving to deliver live and on-demand programming to TVs, tablets, PCs and mobile devices,” said Jef Graham, CEO of RGB Networks. “We have now achieved the size, revenues, profitability and broad customer base that position RGB for a successful public offering.”
Sales in Europe and the Asia Pacific regions have been driven by the need for mobile video delivery solutions with significant growth being seen in Western Europe, Russia, India and China, whereas the majority of customers in North America are currently emphasizing video delivery to PCs and tablets.
The company says it was profitable in the first quarter on a pro forma basis.