Ateme Says its 2010 Revenue Jumped 57 Percent, Appoints New Senior Advisor

Posted by Joe Zaller
Feb 09 2011

French video compression codec supplier Ateme said that its revenue for full year 2010 was $22m, an increase of 57% over 2009.  The company also said that it was profitable during the period, and that it achieved gross margins exceeded 60%, while putting almost 25% of revenue back into R&D.

Ateme said it had sales success in 2010 in both the established head-end and emerging over-the-top (OTT) video markets, and that sales increased in all geographic regions, including Latin America where revenue more than doubled.

The company attributed some its success to the fact that it successfully raised €6.5 from French PE firm A Plus Finance at the beginning of 2010.  Ateme said this new investment enabled it to develop and launch new products during the year.

Ateme says that it is expecting to see growth in the OTT video space in 2011, and that it has recently introduced new products to address this opportunity.

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Mills Appointed Senior Advisor

Separately, Ateme said that it has hired Brendon Mills as a Senior Advisor. Mills is the former CEO of transcoding appliance vendor Ripcode, which was sold to RGB Networks in June 2010. Ateme president and CEO Michel Artières said Mills will be tasked with helping the company expand into the video transcoding and US video technology markets.

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