Posts Tagged ‘broadcast asset management’

Ranking Broadcast Technology Vendors Part 5 – The 2011 BBS Broadcast Technology Vendor Quality League Table

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast Vendor Brand Research, market research, technology trends, Top Broadcast Vendor Brands | Posted by Joe Zaller
Nov 01 2011

This is the eighth in a series of articles about some of the findings from the 2011 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands.  More than 8,000 people in 100+ countries took part in the 2011 BBS, making it the largest and most comprehensive market study ever done in the broadcast industry.

Each year, as part of the Big Broadcast Survey (BBS), we ask broadcast professionals worldwide to rank a variety of technology vendor brands on a wide range of metrics.  We use this information to create a series of reports, which through benchmarking and industry “league tables” enable each vendor to understand its position in the market relative to the the industry as a whole as well as their company’s direct competitors.

In previous articles we wrote about the 2011 BBS Overall Brand Opinion League Table, the 2011 BBS Net Change in Overall Opinion League Table, the 2011 BBS Brand Opinion Leaders League Table, and 2011 BBS Broadcast Technology Vendor Innovation League Table.

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This post follows on from the 2011 BBS Broadcast Technology Vendor Innovation League Table, by focusing on one of the most important metrics for any technology company – quality.

In an industry that prides itself on the fidelity of its sound and images, the perception of quality is a very important metric for broadcast technology vendors.  Many vendors use quality as one of the key components of their market positioning, and customers often use technical performance and quality as a part of their procurement strategies.

To determine the market’s perception of the quality of broadcast technology vendors, respondents were asked to rank broadcast technology vendor brands for “Quality” on a scale of 1-10 – with 10 being best in the market, and 1 being worst in the market.

The top 30 ranked brands for overall opinion are shown below for the global sample of all respondents.

In all cases, these results are shown in alphabetical order, NOT in the order in which they were ranked in the study.

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The 2011 BBS Broadcast Technology Vendor Quality League Table

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As with previously published rankings, this list contains a broad mix of vendors including large and small firms; single product and multi-product firms; global and regional players; and audio and video technology providers.

In order to better understand what drives the perception of quality in the broadcast technology industry, let’s look deeper at the vendors on this list, beginning with the type of products produced by each vendor.

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Frequency of Product Category – Audio Takes 4 of Top 7 Spots

What about the product categories themselves?  Are some product categories inherently perceived as having higher quality?  If so are these products judged differently than other types of products by customers who are evaluating them for purchase?

As shown in the chart below, there is a very broad range of product categories included in the 2011 BBS Broadcast Technology Vendor Quality League Table – vendors that make products in 23 of the 26 product categories that were covered in the study.

However, when one looks at the frequency of the product categories produced by these vendors, it’s immediately apparent that the top categories are audio products.

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2011 BBS Quality League Table — Frequency of Product Categories:

 

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The top two products categories for quality are both from the audio side of the business – microphones and audio consoles.  In fact, four of the top seven product categories in this ranking are audio related, with only highly complex video products — video editing, camera lenses and ENG cameras — being included in this group.  This is an interesting data point, especially when one considers that out of 26 product categories covered in the 2011 BBS, only five were in the audio space.

The other product categories that appear multiple times are clustered in the live production and studio environments, and include camera lenses, studio cameras, production switchers, production servers, test and measurement and video transport.  Interestingly these products tend to be high ticket items that are produced by the industry’s larger vendors.

Since the industry’s largest vendors tend to operate in the most product categories, let’s evaluate the number of times each vendor appears in the 2011 BBS Broadcast Technology Vendor Quality League Table to see if there is a correlation between size of vendor / product range and the market’s perception of quality.

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2011 BBS Quality League Table — Number of 2011 BBS Product Categories per Brand:

When considering what drives the perception of quality, one question to consider is which type of vendor appears more often in the above ranking – those that are focused on a single type of product, or large multi-product vendors.

While our research does not evaluate each product produced by every vendor, we do put vendors into categories based on their product lines.  This gives a good representation of whether a particular vendor has a narrow or broad product-line-up.

The table below shows the number of 2011 BBS product categories produced by each brand (as defined by the segmentation used in the 2011 BBS).

 

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As shown above, the vast majority of the companies in the 2011 BBS Broadcast Technology Vendor Quality League Table provide products in just one of the product categories we measured as part of the study.

Please note that this is not a measure of company size, but rather a measure of how many product categories each of the above vendors was included in for the 2011 BBS. For example some of the “single product category companies” on the above list — such as Adobe, Dolby and Shure – are quite large.

Yet with 21 out of 30 vendors on this list producing a product in only one 2011 BBS category (out of 26 measured) it appears that that focused, specialized companies are regarded as quality leaders in the eyes of the market.  Nevertheless it’s also worth pointing out that large companies can also be considered industry innovators. For example, in the 2011 BBS study, Avid is covered in seven product categories, Snell is covered in five product categories, Sony is covered in four product categories and EVS appears three times.

To further illustrate this point, the chart below shows the number of 2011 BBS product categories per vendor in the 2011 BBS Broadcast Technology Vendor Quality League Table.

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Number of products per vendor – Single Product Companies Dominate Quality Rankings

A breakdown of how many product categories are produced by each vendor in the 2011 BBS Broadcast Technology Vendor Quality League Table is shown below:

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With more than two-thirds of the vendors in the 2011 BBS Broadcast Technology Vendor Quality League Table producing a product in just one 2011 BBS product category, this table clearly suggests that focused companies who apply their efforts to specialist product areas are often able to generate a higher perception of quality in the eyes of the market.

Of course, companies are listed here based on how many 2011 BBS product categories they produce, which is not an absolute measure of the products produced be each vendor. There are some very large companies on the list above who appear in just one 2011 BBS category. In total, the 2011 BBS looked at 118 vendors in 26 separate product categories (based on the IABM’s industry model), but even so, it did not necessarily cover the entire product range of all vendors.

Please keep in mind when reviewing this information that all data in these charts is presented in alphabetical order, not in the order brands were ranked by respondents to the 2011 BBS.  Also, the charts in this posting measure the responses of all non-vendor participants in the 2011 BBS respondents, regardless of their company type, company size, geographic location, job title and budget for broadcast technology products.  Finally please note that this study evaluated a total of 118 brands.

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In order to get full value from this data, it is necessary to evaluate these results on a granular basis.  If you would like more information, please contact Devoncroft Partners.

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This article is based on the findings from the 2011 Big Broadcast Survey (BBS), a global study of industry trends, technology purchasing behavior and the opinion of vendor brands.  With more than 8,000 people in 100+ countries participating, the 2011 BBS is the largest and most comprehensive market study ever done in the broadcast industry.

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Devoncroft Partners has published a variety of reports from 2011 BBS data.  For more information, please get in touch.

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Related Content:

Ranking Broadcast Technology Vendors Part 4 – the 2011 BBS Broadcast Technology Vendor Innovation League Table

Ranking Broadcast Technology Vendors Part 3 – the 2011 BBS Brand Opinion Leaders League Table

Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

Where is Money Being Spent in the Broadcast Industry in 2011? The 2011 BBS Broadcast Industry Global Project Index

Tracking Changes in Broadcast Industry Trends — 2011 Versus 2010 Broadcast Industry’s Most Comprehensive Market Study Reveals Top Trends of 2011

More Information About the 2011 Big Broadcast Survey from Devoncroft Partners

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Ranking Broadcast Technology Vendors Part 4 – the 2011 BBS Broadcast Technology Vendor Innovation League Table

broadcast industry technology trends, broadcast technology market research, Broadcast Vendor Brand Research, Top Broadcast Vendor Brands | Posted by Joe Zaller
Oct 25 2011

This is the seventh in a series of articles about some of the findings from the 2011 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands.  More than 8,000 people in 100+ countries took part in the 2011 BBS, making it the largest and most comprehensive market study ever done in the broadcast industry.

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Each year, as part of the Big Broadcast Survey (BBS), we ask broadcast professionals worldwide to rank a variety of technology vendor brands on a wide range of metrics.  We use this information to create a series of reports, which through benchmarking and industry “league tables” enable each vendors to understand its position in the market relative to their the industry as a whole as well as their direct competitors.

In previous articles we wrote about the 2011 BBS Overall Brand Opinion League Table, the 2011 BBS Net Change in Overall Opinion League Table, and the 2011 BBS Brand Opinion Leaders League Table.

This post looks at one of the most important metrics for any technology company – innovation.

The product side of the film & broadcast industry is driven by technology and innovation.  All vendors spend heavily on research and development in order to create advanced technologies that make their products stand out from the competition.  Thus innovation is a very  important component of the brand image and reputation of vendors in this space.

To find out which broadcast technology vendors are considered to be most highly regarded in terms of innovation, respondents were asked to rank broadcast technology vendor brands for “Innovation” on a scale of 1-10 – with 10 being best in the market, and 1 being worst in the market.  The top 30 ranked brands for innovation are shown below for the global sample of all respondents.

Please note that these results are shown in alphabetical order, NOT in the order in which they were ranked in the study. 

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2011 BBS Innovation League Table:

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There are a wide variety of companies on this list, including large and small firms; single product and multi-product firms; global and regional players; and audio and video technology providers.

Let’s look specifically at the how these companies and their products were ranked in the 2011 BBS, beginning with products and technology.

As shown in the chart below, these companies make products in 23 of the 26 product categories that we covered in the 2011 BBS.

The top products for brand leaders are split between audio and video – with microphones, signal processing and video transport each appearing five times.

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2011 BBS Innovation League Table — Frequency of Product Categories:

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The 2011 BBS Innovation League Table is split fairly evenly between audio and video companies.  There’s also a healthy mix of hardware versus software products represented on this list.

Does company size play a role in innovation?  Larger companies offer more products and are consequently used in more places than their smaller counterparts.  But this does not necessarily translate into innovation.

As shown below, innovative products are produced by both small focused companies, as well as by larger multi-product vendors.

Let’s look at the number of product categories that each of these brands produces (as defined by the segmentation used in the 2011 BBS).

The table below shows the number of 2011 BBS product categories produced by each brand.

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2011 BBS Innovation League Table — Number of 2011 BBS Product Categories per Brand:

 

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As shown in the table above, vendors producing products in only one 2011 BBS category account for more than half of the vendors in the top 30 innovation list.  This suggests that focused companies who apply their efforts to specialist product areas are often able to generate more innovation in the eyes of the market.

At the same time, larger companies are also represented on this list of the broadcast industry’s top innovators.  For example, Grass Valley is covered in 8 product categories in the 2011 BBS, while both Evertz and Snell are covered in five product categories.  These are examples of larger companies who have managed to instill innovation across their product lines.

Of course, companies are listed here based on how many 2011 BBS product categories they produce, which is not an absolute measure of the products produced be each vendor. There are some very large companies on the list above who appear in just one 2011 BBS category. In total, the 2011 BBS looked at 118 vendors in 26 separate product categories (based on the IABM’s industry model), but even so it did not necessarily cover the entire product range of all vendors.

Please keep in mind when reviewing this information that all data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2011 BBS.  Also, the charts in this posting measure the responses of all non-vendor participants in the 2011 BBS respondents, regardless of their company type, company size, geographic location, job title and budget for broadcast technology products.  Finally please note that this study evaluated a total of 118 brands.

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In order to get full value from this data, it is necessary to evaluate these results on a granular basis.  If you would like more information, please contact Devoncroft Partners.

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This article is based on the findings from the 2011 Big Broadcast Survey (BBS), a global study of industry trends, technology purchasing behavior and the opinion of vendor brands.  With more than 8,000 people in 100+ countries participating, the 2011 BBS is the largest and most comprehensive market study ever done in the broadcast industry.

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Devoncroft Partners has published a variety of reports from 2011 BBS data.  For more information, please get in touch.

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Related Content:

Ranking Broadcast Technology Vendors Part 3 – the 2011 BBS Brand Opinion Leaders League Table

Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

Where is Money Being Spent in the Broadcast Industry in 2011? The 2011 BBS Broadcast Industry Global Project Index

Tracking Changes in Broadcast Industry Trends — 2011 Versus 2010

Broadcast Industry’s Most Comprehensive Market Study Reveals Top Trends of 2011

More Information About the 2011 Big Broadcast Survey from Devoncroft Partners

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Dalet 1H 2011 Revenue Jumps 13 Percent on Strong European Sales

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Sep 01 2011

Media asset management solutions provider Dalet announced that its revenue for the first half of 2011 was €8.2 million, a 13% increase versus
the previous year.

The company’s performance was driven by sales in Europe, which were up 45% versus last year.  Sales in the Americas were down 35% during the period due to delayed orders and the timing of revenue recognition.

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Related Content:

Press release: Dalet Announces Financial Results for 1H 2011

Previous Quarter: Dalet First Quarter 2011 Revenue Jumps 118 Percent

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Ranking Broadcast Technology Vendors Part 3 – the 2011 BBS Brand Opinion Leaders League Table

broadcast technology market research | Posted by Joe Zaller
Aug 16 2011

This is the sixth in a series of articles about some of the findings from the 2011 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands.  More than 8,000 people in 100+ countries took part in the 2011 BBS, making it the largest and most comprehensive market study ever done in the broadcast industry.

 

Each year, as part of the Big Broadcast Survey (BBS), we ask broadcast professionals worldwide to rank a variety of technology vendor brands on a wide range of metrics.  We use this information to create a series of reports, which through benchmarking and industry “league tables” enable each vendors to understand its position in the market relative to their the industry as a whole as well as their direct competitors.

In previous articles we wrote about the 2011 BBS Overall Brand Opinion League Table, and the 2011 BBS Net Change in Overall Opinion League Table, which shows how our global sample of broadcast professionals ranked 118 broadcast vendor brands in terms of their overall opinion of these vendors, and also how their opinions have changed over time.

It’s obviously great news for the vendors who are listed in these rankings, and there were quite a few of them.  A total of 43 brands were listed in the 2011 BBS Overall Brand Opinion League Table; and a total of 51 brands were listed in the 2011 BBS Net Change of Brand Opinion League Table.

This post looks at the companies that were listed in both the Overall Opinion and Net Change in Overall Opinion Rankings. In other words, these are the companies whose brands are held in high regard today, and who are perceived to be getting better over time.

Just 30 brands (out of 118) were listed in both sets of rankings, either globally or regionally.

These are shown below.

Please note that these results are shown in alphabetical order, NOT in the order in which they were ranked in the study. 

 

2011 BBS Brand Opinion Leaders League Table:

 

There are a wide variety of companies on this list, including large and small firms; single product and multi-product firms; global and regional players; and audio and video technology providers.

What they have in common is strong brand recognition, and a dynamism that 2011 BBS respondents feel is making them even stronger.

Let’s look specifically at the how these companies and their products were ranked in the 2011 BBS, beginning with products and technology.

As shown in the chart below, these companies make products in 24 of the 26 product categories that we covered in the 2011 BBS.

The top products for brand leaders are split between audio and video – microphones and video editing.

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2011 BBS Brand Opinion Leaders League Table — Frequency of Product Categories:

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So is it possible that brand leadership can be predicted by the type of product that an organization produces? Interestingly this list is split fairly evenly between audio and video companies.  There’s also a healthy mix of hardware versus software.

What about the number of products that a vendor offers. Larger companies offer more products and are consequently used in more places than their smaller counterparts.  Let’s look at the number of product categories that each of these brands produces (as defined by the segmentation used in the 2011 BBS).

The table below shows the number of 2011 BBS product categories produced by each brand.

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2011 BBS Brand Opinion Leaders League Table — Number of 2011 BBS Product Categories per Brand:

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While there are several brands on this list that appear in many product categories, the vast majority produce only one or two types of products.  Indeed out of the thirty brands in this table, nearly 2/3 appear only once.

Keep in mind that companies who produce only one type of product are not necessarily small.  There are some very large companies on the list above who appear in just one 2011 BBS category.

It turns out that to fully understand what drives brand opinion and brand leadership, one needs to look at the factors that drive and influence these perceptions.  This includes the company’s reputation for things like innovation, reliability, quality, value and great customer service.

We’ll be looking at each of these factors in future articles, so stay tuned.

Please keep in mind when reviewing this information that all data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2011 BBS.  Also, the charts in this posting measure the responses of all non-vendor participants in the 2011 BBS respondents, regardless of their company type, company size, geographic location, job title and budget for broadcast technology products.  Finally please note that this study evaluated a total of 118 brands.

 

In order to get full value from this data, it is necessary to evaluate these results on a granular basis.  If you would like more information, please contact Devoncroft Partners.

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This article is based on the findings from the 2011 Big Broadcast Survey (BBS), a global study of industry trends, technology purchasing behavior and the opinion of vendor brands.  With more than 8,000 people in 100+ countries participating, the 2011 BBS is the largest and most comprehensive market study ever done in the broadcast industry.

 

Devoncroft Partners has published a variety of reports from 2011 BBS data.  For more information, please get in touch.

 

Related Content:

Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

Where is Money Being Spent in the Broadcast Industry in 2011? The 2011 BBS Broadcast Industry Global Project Index

Tracking Changes in Broadcast Industry Trends — 2011 Versus 2010

Broadcast Industry’s Most Comprehensive Market Study Reveals Top Trends of 2011

More Information About the 2011 Big Broadcast Survey from Devoncroft Partners

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Vizrt Q2 2011 Profit Triples as Revenue Jumps 32 Percent

broadcast technology market research, Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 11 2011

Vizrt reported that its revenue for the second quarter of 2011 was $32.1m, an increase of 32% versus the same period a year ago, and up 15% compared to the previous quarter. The results were well above consensus estimate by analysts, and drove the company’s shares 5% higher on the day the results were released.

Net profit for the quarter was $4.5m, an increase of 322% versus last year, and up 111% compared to last quarter.

Gross margins in the quarter were 62%, up from 62% last year and 65% last quarter.  EBITDA was $6.4m for the quarter, an increase of 65% versus the second quarter of 2010 and an increase of 61% versus last quarter.

Broadcast graphics (BG) contributed $23.7m, or 74% of total revenue in the quarter. BG revenue increased 39% versus last year and was up 19% versus the previous quarter.

Media Asset Management (MAM) revenue in the quarter was $5.5m, an increase of 10% versus both last year and the last quarter.

Online and mobile revenue was $2.9m, up 38% from Q2 2010 and down 1% versus last quarter.

 

1H 2011 Results

Revenue for the first six months of 2011 was $60.1m, up 25% versus the same period in 2010. All business areas contributed to the revenue growth, with the strongest performance in BG and ONL.  Geographically, APAC led growth with 48%, compared to H1 2010.

BG revenues in H1 2011 accounted for 73% of total revenues and were up 26% versus the first six months of 2010. MAM accounted for 17% of total
revenue in H1 2011 and were up 11% versus 1H 2010. Online and mobile grew 57% in 1H 2011 versus the first six months if last year, and accounted for more than 10% of total revenue in the period.

Vizrt CEO Martin Burkhalter issued an upbeat statement saying “We are obviously pleased we have again managed to achieve record revenue levels, but perhaps even more pleasing is our bottom line performance, which saw a significant improvement, not only year on year, but also quarter on quarter.  It is clear that our strategic decisions and subsequent investments of the past couple of years are paying off.  Our combined and integrated product offering, supported by a strong commercial regionalization strategy, have allowed us not only to increase sales to existing customers but also reach a significant number of new ones.”

Commenting on the market conditions, Burkhalter added: “So far, the fiscal and macroeconomic challenges in the public sector of some European countries and the US have not had any visible negative impact on market conditions.  We do however see a growing concern related to rising public debt and signs of slower economic growth in certain regions that could, in the mid or long-term, have an impact.  That said, our performance has been very strong, and the signs for the second half of 2011 are positive.  We therefore expect to achieve stable growth for the second half of this year.”

 

Related Content:

Press release:  Vizrt Reports H1 and Q2 2011 Results

Vizrt Q2 & 1H 2011 Investor Presentation

Previous Quarter: Vizrt Revenue Up 18 Percent in Q1 2011, CEO Says Company Has Entered Phase of Strong and Stable Growth

Previous Year: Vizrt Announces Q2 and 1H 2010 Results

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Dalet Q2 2011 Revenue Increases 45 Percent

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 01 2011

Media asset management solutions provider Dalet announced that its consolidated revenue for the second quarter of 2011 was €7.1m, an increase of 45% versus the same period a year ago, and down 1% versus the previous quarter. Excluding a contribution of €1.1m from GruppoTNT, which was acquired in July 2010, the company’s revenues were up 23% from the first quarter of 2010.

Gross Margin for the second quarter was up 22% at €5.5m, and up 9% excluding GruppoTNT.

The company said that in addition to its traditional news market that its sales of media asset management solutions have increased significantly.  Dalet also said that it has made inroads in the cloud-based media management and delivery market, winning two contracts in the Asia-Pacific region.

 

First Half Results:

Dalet’s revenue for the first half of 2011 was €14.3m, an increase of 74% versus the first six months of 2010. Excluding GruppoTNT the company’s revenue for the first half of the year was up 36% versus the same period a year ago.

Dalet says its order backlog for the second half of 2011 is more than €13m.

 

Related Content:

Dalet Press Release: Revenues for First Semester 2011: €14.3 Million

Dalet First Quarter 2011 Revenue Jumps 118 Percent

More Broadcast Vendor M&A: Orad Buys 63 Percent of MAM Specialist IBIS for $2.11m

Broadcast Vendor M&A | Posted by Joe Zaller
Jul 20 2011

Graphics and virtual set specialist Orad announced that it will acquire 63.38% of Integrated Broadcast Information Systems Limited, (IBIS), a provider of Broadcast Media Asset Management (MAM) solutions, for $2.11m in cash.  Orad also has the option to increase its holdings to 100% within the next 54 months at a price dependent on the future revenues and net profits. Completion of the transaction is expected within the next 3 months.

IBIS, which specializes MAM for fast turn-around file based workflows in news and sports environments, has customers including ESPN Star Sports, the BBC and the Irish Parliament, Dublin.

Avi Sharir President and CEO of Orad commented “we are extremely happy with the acquisition of IBIS. We see many synergies between  IBIS’s portfolio and Orad’s graphics and video server range of solutions. The integrated solution between Orad and IBIS will further enhance Orad’s position in the sport and news market segments, offering our customers significant added value”

 

Related Content:

Press Release:  Orad enhances its sports solutions with an investment for 63% of the fast turnaround MAM vendor – IBIS

Vizrt Revenue Up 18 Percent in Q1 2011, CEO Says Company Has Entered Phase of Strong and Stable Growth

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
May 19 2011

Vizrt  reported that its revenue for the first quarter of 2011 was $28m, an increase of 18% versus the same period a year ago, and a decline of 12% versus the previous quarter.

Gross margins in the quarter were 62%, up from 58% last year.  EBITDA was $3.97m for the quarter, an increase of 125% versus the first quarter of 2010. Net profit for the quarter was $2.1m versus a loss of $448,000 last year. Net cash provided by operating activities in Q1 2011 was $2.4m, the same as in Q1 2010.

Operating expenses in the quarter were $15.1m an increase of 10% versus last year.  The company attributed the increase in OPEX to an increase in headcount following its acquisition of Adactus, the implementation of its regionalization program, and a general salary increase implemented throughout the company in 2011.  The largest increase in expenses came from R&D, which were up 19% versus last year.

Broadcast graphics (BG) contributed $20m or 71% of total revenue in the quarter.  BG revenue was up 13% versus the first quarter of 2010, but down 14% versus the previous quarter.

Media Asset Management (MAM) accounted for 18% of revenue or $5m, an increase of 13% versus last year.

Online and Mobile (OLM) revenue was $3m in the quarter, an increase of 82% the first quarter of 2010, and an increase of 6% versus the previous quarter. Overall, OLM accounted for 11% of total revenue in the quarter. The company said the strong increase in OLM revenue was driven by a transaction with a large existing broadcast customer in Northern Europe, and the contribution from Adactus which was acquired last year.

On a geographic basis, sales in EMEA were $14.9m, or 53% of total revenue. EMEA revenue was up 13% versus the same period a year ago, and down 10% versus the fourth quarter of 2010. Sales in the Americas were $6.5m, or 23% of total revenue.  Sales in the Americas were up 26% versus the first quarter of 2010 and down 10% versus the previous quarter. Sales in Asia were $6.6m for the first quarter, up 24% versus the same period a year ago, and
basically flat sequentially.

Vizrt CEO Martin Burkhalter issued an optimistic statement about the company’s prospects.  “Over the past few quarters, the company has entered a phase of strong and stable growth.  This growth is on the one hand caused by the continued recovery of the general economic climate but on the other hand very much the result of our strategy execution. Although it is too early to make a prediction for the remainder of this year, for the immediate future we anticipate further stable growth.”

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Related Content:
Press release: VizrtReports Q1 2011 Results

More Broadcast Vendor M&A: Vizrt Completes Acquisition of LiberoVision

Vizrt Reports Record 2010 Revenue as Sales Jump 23 Percent

Vizrt reports increased revenue for first quarter 2010

 

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Dalet First Quarter 2011 Revenue Jumps 118 Percent

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
May 10 2011

French asset management software provider Dalet announced that its consolidated revenues for the first quarter of 2011 were €7.2m, an increase of 118%.  These results include the company’s Italian subsidiary GruppoTNT, which it acquired in July 2010.  Excluding GruppoTNT, the company’s revenue was up 55% versus the same period a year ago.

The company indicated that the large year-over-year percentage increase in revenue was partially due to depressed sales during the first quarter of 2010, particularly in the United States.

Gross margins for the quarter were 86% on an organic basis, down from 91% a year ago.  Including GruppoTNT, the company’s gross margins were 69%, reflecting the large percentage of hardware sales in the GruppoTNT revenue mix.

Dalet says it expects it revenue to be equally balanced between the first and second halves of 2011, compared to 2010 when the majority of revenue came during the second half of the year.  The company says it has a strong pipeline, and expects to invoice €16.5m of this backlog during 2011.

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Related Content:
Press release: Dalet Revenues For First Quarter 2011: €7.2 Million

Dalet 2010 Revenue Increases 32 Percent

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KIT digital Revenues Jump 98% in Q1 2011, Says M&A Phase is Over and Company Will Now Focus on Organic Growth Strategy

Broadcast technology vendor financials, Broadcast Vendor M&A, Quarterly Results | Posted by Joe Zaller
May 10 2011

IPTV asset management provider KIT digital reported that its revenue for the first quarter of 2011 was $34.5m, an increase of 98% versus the same period a year ago and an increase of 5% versus the previous quarter.  On an organic basis, revenue increased approximately 38% versus the same period a year ago.

The company posted a GAAP net loss of $12.5m for the quarter, compared to a GAAP net loss of $18.4m last year, and a GAAP net loss of $8.5m in the previous quarter.  The GAAP net loss includes $7.3m in non-cash charges and $12m in restructuring and integration expenses related to the reorganization and integration of recently acquired companies.

Operating EBITDA (a non-GAAP metric which the company uses as a proxy for operating cash-flow) was $7.1m in first quarter of 2011, increasing 5% sequentially and 139% over the same year-ago quarter.  Operating EBITDA margin increased from 17.4% in the fourth quarter of 2010 to 20.5% in the first quarter of 2011, largely due to the reduced portion of professional services-related revenues and the increase in software fee-related revenues.

KIT’s CFO Robin Smyth said the company will “adopt a traditional EBITDA metric and demonstrate strong free cash-flow generation” once it has “cycled through the necessary restructuring and integration charges from recent acquisitions.” This will happen by the third quarter, he said.

Following the payment of consideration related to the acquisitions of ioko and Polymedia, as well as all related restructuring and integration charges and advisory fees, KIT digital expects to have approximately $38 million in cash and equivalents.

Company chairman and CEO Kaleil Isaza Tuzman said he was very pleased with the results of the first quarter, “particularly when you consider the lower digital media usage levels and consequent negative seasonality of Q1 over Q4 throughout the industry.”

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Financial Guidance:

Because much of KIT’s growth has come via M&A, including the recent purchases of Kewego, KickApps, and Kyte (January 2011), Polymedia (March 2011) and ioko (April 2011), KIT management provided new guidance that includes all recently acquired businesses.  The company now estimates that it will report approximately $48m of revenues in the current second quarter (including contributions from ioko and Polymedia), and reiterated its estimates of approximately $210m of revenues and 23% EBITDA margin for fiscal 2011.

Tuzman added: “We are also glad to report we have completed the bulk of the restructuring work related to our acquisitions to date, and expect below-the-line restructuring and integration charges to approach zero by the beginning of the third quarter — two to three months earlier than we originally anticipated. This should allow us to report a ‘clean’ back-half of 2011, without adjustments to cash EBITDA, allowing for a harmonization of EBITDA and more traditional GAAP and cash-flow metrics.”

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Organic Growth Strategy:

The company says that its recent M&A activities have enabled it to reach its long-stated goal of  a 45-50% market share in the IP video platform software sector, and that it will now focus on organic growth.  “Going forward, we expect the pace of our M&A activity to slow dramatically, as we optimize what we have acquired,” said Tuzman.

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Related Content:

Press Release: KIT digital Reports First Quarter 2011 Results

More Broadcast Vendor M&A: Kit Digital Buys ioko for $79.4m, Completes Buying Spree

KIT digital Reports Q4 and Fiscal 2010 Results, Raises Guidance, Says Big M&A Deal Still on Track

More Broadcast Vendor M&A: KIT digital Acquires Polymedia for $34.4m

More Broadcast Vendor M&A: Kit Digital Buys Three Companies for $77m, Says larger Acquisition is Coming

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