RGB recognised in Wall Street Journal’s 50 top venture capital backed companies
March 14, 2011
RGB Networks, the expert in high-capacity multi-screen video delivery solutions, has been recognised by The Wall Street Journal as one of America’s “50 most promising venture-backed companies” in its second annual Next Big Thing list. RGB did very well in this year’s ranking, beating over 5,000 contenders to place thirteenth overall.
The 50 companies on this year’s Next Big Thing list were selected based on several key criteria, including the track records of the venture capitalist funders, the increase in each company’s valuation during 2010 and how successful the companies CEOs and founders have been in the past.
“This is just the latest accolade for RGB Networks and it shows that market experts recognise both the successes we have enjoyed to this point and the potential that we hold for even greater accomplishments in the future,” said Jef Graham, CEO of RGB Networks. “RGB is in a truly enviable position as consumer demand for TV Everywhere is growing dramatically and we have the premier solution for enabling service providers to deliver live and on-demand video to TVs, PCs, tablets and mobile devices on a commercial scale.”
TV Everywhere is fast becoming a reality as service providers of all kinds are racing to deliver video to a growing number of mobile devices. A 2010 report from the analyst firm TDG declares that “the era of multi-screen TV delivery is upon us” and that multi-screen services have quickly gone from the drawing board to being at the top of service providers’ to do lists. One of the keys to delivering a commercial-grade TV Everywhere service that offers both live and on-demand programming is the real-time transcoding of video content into thousands of individual video streams optimised for any device, ranging from a large screen HDTV, down to the smallest smartphone. Accomplishing this in an easily scalable and cost-effective manner, and with the highest video quality, is precisely what RGB has focused on in the development of its comprehensive multi-screen solution.
One of the keys to RGB making the Next Big Thing list was the tremendously successful 2010 the company enjoyed. RGB achieved record growth in 2010 with a 60 percent increase in shipments over 2009 and was profitable in the year. The company ended 2010 with record backlog and experienced positive cash flow from operations. Since inception, RGB has shipped $200 million in products and services to over 200 cable, telco, satellite, over-the-top (OTT) and mobile operators in more than 30 countries.
Complementing the business awards RGB has won, the company’s Video Multiprocessing Gateway (VMG) has received multiple awards, including three in 2010. It won the ‘Best Digital Video Processing Technology’ category in the Cable & Satellite International Awards 2010, it was recognised as the ‘Technological Innovation of the Year’ by the UK chapter of the Society of Cable Telecommunications Engineers (SCTE) and it received a stellar Four Diamond ranking in the Broadband Gear Report’s annual Diamond Technology Reviews. The senior industry engineers, technology analysts and other experts in charge of these awards programs judged the VMG’s unique carrier-class chassis with integrated transcoding and ad insertion to be a superior solution for the delivery of multi-screen video services.