|[December 03, 2012]
Elemental Surpasses 250 Customers As Multiscreen Video Deployments Accelerate
PORTLAND, Ore. --(Business Wire)--
Elemental Technologies, the leading supplier of video
solutions for multiscreen content delivery, today announced that in
2012 its customer base more than doubled to include 250 leading media
franchises across nearly 40 countries. Revenue growth year-over-year
exceeded 200% with customer wins such as the BBC, Columbus
Communications, Media Prima, NHK and Red Bee.
"By any measure, 2012 has been outstanding for Elemental - a gratifying
endorsement of our sustainable growth strategy and best-in-class product
line. Sales of our flagship Elemental Server and Elemental Live systems
accelerated, and our recently launched Elemental Stream solution is off
to a strong start," said Sam Blackman, CEO and co-founder of Elemental.
"We are grateful that so many customers have entrusted us with the
critical responsibility of powering their innovative multiscreen, OTT
and TV Everywhere deployments."
While perhaps best known for helping rights-holders worldwide stream the
2012 Olympic Games and companies like HBO, Comcast (News - Alert), and ESPN create
content for multiscreen delivery, Elemental successfully expanded its
market in 2012 with a focus on international markets and the pay TV
operator segment. New offices in Europe, Asia Pacific and Latin America
all landed significant pay TV and broadcast multiscreen suplier
agreements in 2012.
Elemental's growth is driven by trends in content viewing behavior as
consumers increasingly shift to watching streamed content on TVs, smart
phones, tablets and computers. IHS and Informa (News - Alert) Research forecast that
the OTT market will reach between $34 billion - $37 billion by 2016 at a
compound annual growth rate of 32%. Indicative of its recent expansion,
Elemental was named the second-fastest growing private software company
in the U.S. by Inc.
magazine earlier this year.
"Multiscreen video delivery is one of the fastest growing opportunities
in the industry right now," said Tom Morrod, director of consumer and
media technology at IHS (News - Alert). "In profiling the 40 most innovative operators
in the pay TV market, we have seen a rapid increase in active
multiscreen client devices from just a few thousand in 2008 to 155
million in 2012. This is expected to grow at over 40% CAGR to 2015, by
which time multiscreen soft-clients will be more numerous on these
operator platforms than set-top boxes."
Elemental will host a webinar on December 18, 2012 at 11am EST / 8am PST
entitled Multiscreen Goes Mainstream. The event features three
industry experts who will discuss how multiscreen is evolving into a
mainstream trend in video delivery. Click
here to register.
Elemental Technologies is the leading supplier of video solutions for
multiscreen content delivery. Founded in 2006 and headquartered in
Portland, Oregon, the company pioneered the use of graphics processors
to power adaptive video streaming over IP networks. Providing unmatched
solutions for hundreds of customers around the world, including nine of
the top ten media and entertainment companies in the United States,
Elemental helps content programmers and pay TV operators bring video to
any screen, anytime - all at once. The company has offices in the United
States, the United Kingdom, Hong Kong, Singapore and Brazil. To learn
more, please visit http://www.elementaltechnologies.com/
and follow @elementaltech
on Twitter (News - Alert).
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