Conax sees strong growth
March 6, 2009
Content security provider Conax, has reported 36 per cent revenue growth in 2008 based on global sales of its smart card security solutions. Conaxâ€š success is highlighted by strong growth in leading industry markets Europe, India, China and Latin America.
Conax is today the third largest provider of content security globally for digital TV. In 2008 Conax increased card deliveries by 40 per cent from 2007 and captured 58 new customers. Conax now delivers security solutions to more than 300 Digital-TV operators in 78 countries and has local staff in 10 countries around the globe.
"A comprehensive digitalisation process is taking place globally, with an anticipated doubling of today's 350 million digital TV households by 2013", commented Geir BjÃ¸rndal, the company's EVP Sales & Marketing. "Conax has gained a reputation worldwide as a secure and dependable security provider, and is now well positioned through its strategy to tap the growing digital-TV market. Additionally, many of our large customers are experiencing strong growth with the global digitalisation of TV and evolving markets, resulting in additional card sales."