Netgem ups R&D spend

France’s Netgem has announced consolidated revenue of €22.9 million for Q4 2012 taking the full year 2012 consolidated revenue to €81.2 million, of which nearly two thirds come from international sales.

Following its international development in 15 countries over three years, the Group has identified supporting the deployment and penetration of its customer’s offers in their respective markets as top priority for 2013, mainly by providing and integrating new services. The Group maintains its objective to double international revenue between 2011 and 2014.

In France, the Group intends to intensify its investments in the Connected TV industry and related services, a sector which, in an environment of increased competition between operators, now offers real prospects.

Besides this, the Group has taken the decision to significantly increase its Research & Development effort in order to quickly extend its range of products, particularly in the area of access and multi-screen content distribution within the household.

In order to lead these projects optimally, the Group has decided to evolve its corporate governance: Christophe Aulnette becomes President of Netgem International, and will thus continue to guide the international development of the Group, and Joseph Haddad takes over as Chief Executive Officer.

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