RGB Press Release
FOR IMMEDIATE RELEASE
RGB Networks Passes $200 Million Shipment Milestone as Demand for its
TV Everywhere Solutions Grows Worldwide
Strong Demand for RGB’s Video Multiprocessing Gateway Drives Tremendous Growth
SUNNYVALE, CALIF. – April 28, 2011 – RGB Networks, the leader in high-capacity multi-screen video delivery solutions, today announced that strong worldwide demand for its TV Everywhere solutions has propelled the company’s lifetime product shipments past $200 million. The pace of RGB’s growth is accelerating with the company earning its second $100 million in shipments in two years compared to over three years for its first $100 million. Building on a profitable 2010, RGB enjoyed a successful first quarter of 2011, which was profitable on a proforma basis with record bookings.
“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.”
Demand for RGB’s TV Everywhere solutions has been growing strongly, particularly for the company’s award-winning Video Multiprocessing Gateway (VMG™). More than 30 major service providers across the globe are currently taking advantage of the industry-leading capabilities of the VMG to power trials and deployments of multi-screen TV Everywhere services. The VMG’s unique combination of unmatched transcoding capacity and scalability with true ‘carrier-class’ reliability makes it the ideal solution for cost-effectively converting trials into full-scale launches of multi-screen video services for millions of subscribers.
In addition to the VMG, RGB’s new TransAct Family of hardware- and software-based TV Everywhere solutions has performed well. In particular, several major international mobile carriers are taking advantage of the flexibility of the software-based TransAct products to successfully conduct large-scale trials of live and on-demand programming delivered to mobile devices.
The need for mobile video delivery solutions is a major driver of RGB’s sales in the European and Asia-Pacific regions, 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, with the focus sharpening rapidly on media tablets such as Apple Computer’s iPad, as well as Android-based devices like the Motorola Xoom and Samsung Galaxy. These powerful multimedia devices are optimized for viewing high-resolution video and their fast-growing popularity is driving service providers to support them. Latin America is another major growth market for RGB as operators throughout the region transition their networks to IP for the delivery of advanced services.
About RGB Networks
RGB Networks enables video service providers to migrate to a multi-screen environment for the delivery of linear and on-demand video over managed and unmanaged IP networks. The company’s success is based on core strengths in transcoding, advertising and overlay insertion, ultra-dense modulation and statistical multiplexing. RGB’s solutions for video delivery to TVs, desktop and mobile devices are built to deliver the highest video quality at the best price-performance on the market—they uniquely offer the density and scalability required to support the growing demands of consumers with integrated functionality that simplifies operators’ network architectures and minimizes operational costs. RGB’s products are deployed by over 400 cable, telco, satellite, OTT and mobile operators in 30+ countries. Venture capital firms Accel Partners, Comcast Interactive, Focus Ventures, Granite Ventures, Institutional Venture Partners, Kleiner Perkins Caufield and Byers, and Mitsui & Co. Venture Partners have invested $63 million in the company. RGB is a private, profitable company based in Sunnyvale, California with offices around the world. For more information, please visit www.rgbnetworks.com.