The company has achieved another year of significant revenue growth with a 47 percent increase over fiscal year 2010, contributing to a 50-percent CAGR over the past six years. Haivision technology is focused on intelligent media pipelines that incorporate video, graphics, and metadata to help customers to build, manage, and distribute its media content to users throughout an organization or across the Internet. Haivision has also increased its profitability steadily, ending 2011 with its 16th consecutive quarter of positive EBITDA results. "The company has fueled its rapid growth over the past six years through organically generated profits rather than depending on outside capital," said Mirko Wicha, president and CEO of Haivision.
Supported by the company's strong fiscal performance, Haivision has been able to successfully acquire and integrate four software companies in just over two years — Video Furnace, CoolSign™, KulaByte™, and MontiVision Imaging Technologies — each with strong complementary technology and unique market positions. The acquisitions have significantly contributed to Haivision's end-to-end proposition within the IP media delivery market, supporting the company's leading position in high-performance H.264 video encoding with enterprise IP video management, digital signage, and Internet media encoding and transcoding.
Haivision released three new product technologies in 2011 that are expected to contribute significantly to the company's continued growth. The Viper™ multichannel HD video recording and streaming appliance is positioned toward opportunities in both the medical and education markets. The Kraken real-time transcoding appliance is extending the well-established position of Haivision's Piranha™ and Makito Air™ encoding products within the military intelligence, reconnaissance, and surveillance (ISR) markets. Finally, Haivision launched HyperStream™, an Internet media cloud transcoding service based on KulaByte software transcoding. HyperStream enables over-the-top (OTT) media delivery within the broadcast, sports, entertainment, and faith markets.