As it reveals its annual results, global digital TV service protection specialist Conax is claiming continued strong annual growth over 2013.
The Oslo-based company reported that for the calendar year, the security provider closed 2013 with 10% year-on-year revenue growth and EBITDA growth of 5%. Q4 revenues grew by 14% compared with the same quarter in 2012, and the company enjoyed a 33% Q4 EBDITA growth versus Q4 2012.
During the year Conax closed customer contracts with 26 new pay-TV operators and telcos in 2013 with Latin America, Africa and India securing the most new business. Overall Conax technology is now present in 85 countries.
In 2013, the company deployed multiscreen platforms and launched key new initiatives and solutions including security-hardened MS PlayReady DRM, Conax Cardless and a new strategic partner programme. This is said further strengthened its “unique position” in the digital TV services value chain for providing total service protection.
“We have received a tremendous amount of positive feedback on our 2013 initiatives and are quickly seeing the fruits of our labour materialise into new business,” commented president and CEO, Morten Solbakken. The market is very positive about our direction. Capitalising on our momentum and the Conax strong security brand, in 2014 Conax will continue to cultivate its broad solutions portfolio by leveraging complementary technologies and strategic partnerships. We will continue to offer new solutions for advanced operators keen to tap new market segments and developing markets looking to position for the future.”
Among what it believes will be the key milestones for the year will be a celebration of ten years of strategic partnership with Star Times, China. “We are very pleased with our strong partnership and relations with Star Times and Star Times President, Mr Pang Xinxing,” added Solbakken. “We look forward to further developing our partnership together in in the coming years through new secure technologies and forward-thinking solutions for capturing growth in these rapidly evolving markets.”