Netgem says it will have completed its transformation from set-top box vendor to that of TV-as-a-service by the end of the year.
The French company says it is now in a unique position to leverage the cloud infrastructure and content aggregation built for its customers triple play services to address the OTT market.
It’s anticipating 2018 will be a turning point with the financial impact of the move to software-as-a-service combining with new OTT initiatives.
Netgem reported pre-tax profits of €14 million.