Conax strong growth in 2012
February 21, 2013
Conax, the content security company, has reported strong growth in 2012. In a competitive global market, Conax won contracts with 26 new pay-TV operators and Telcos and entered four new countries, extending the content security provider’s global reach to 85 countries. Norway-based Conax also had a record year for shipments, closing 2012 with a 20 per cent increase on volume over 2011. Q4 revenues also grew substantially, up by 9 per cent from the same quarter in 2011.
“In 2012, Conax launched a new corporate strategy and brand, new products, new solutions and a new partnering strategy for securing our position in the value chain, confirmed President and CEO, Morten Solbakken. We are very pleased these efforts have also materialized in an increased customer base and record volume.”
“I am also pleased to introduce Tor Eirik Knutsen, new CFO, to the Conax executive team from February 1st. Tor Eirik has extensive experience within the challenges and opportunities of a global marketplace. His immediate focus will be capitalizing on the new Conax brand and organization for further driving growth and Conax’ future market position.
With a continual commitment to product and development, over 35% of Conax employees is dedicated to R & D. Conax global strategy includes additional R&D staff and sales and technical resources to support advanced solutions in mature markets and continued growth and expansion in Asia and the Americas.