Demand for RGB’s Ad Insertion, HD and VOD Delivery Products Continues to Drive the Company’s Rapid Growth
SUNNYVALE, Calif. – MobilityWire® – April 20, 2009
RGB Networks, the leader in network video processing, today announced it has exceeded $100 million in lifetime shipments, with 2008 proving to be the company’s most successful year to date. Despite tough economic times, the video market continues to grow and cable television operators are demanding products that enable them to recover bandwidth to deliver more high definition (HD) and video-on-demand (VOD) services. Additionally, operators want unique, high density solutions for ad insertion that enable them to adapt to the changes ahead.
In just over three years RGB Networks has shipped 6,000 units to 140 customers in 24 countries. The company expects the worldwide demand for its bandwidth optimization and ad insertion solutions to remain strong through 2009 given the current pressures on operators to deliver more high-bandwidth services and generate new revenues.
“Passing the $100 million milestone is a notable achievement,” said Jef Graham, CEO of RGB Networks. “We now have a broad solution set of six product lines, all focused on bandwidth recovery and ad insertion for the global cable and telecom markets. We are in a great position to continue to grow aggressively both domestically and internationally.”
Having raised new funds early in 2008, RGB is extremely well capitalized, allowing for continued development of the company’s products. The company expects to become public when the market again opens for technology initial public offerings (IPOs).
About RGB Networks
RGB Networks delivers extremely high-density, flexible video processing solutions that enable video service providers to deliver highly targeted and personalized video content at considerably lower costs than conventional solutions. Based on its unique Video Intelligence Architecture™ (VIA), RGB’s VIA product family simplifies management and delivers scalable, multi-function capability in a single, programmable platform, allowing video service providers to leverage existing infrastructure, while building an advanced foundation to meet the needs of the rapidly growing market for personalized video services.
For more information about RGB Networks and its unique video processing solutions, please visit www.rgbnetworks.com.
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