Share

Conax demonstrates robust annual growth in 2013

Conax Logo

Celebrating key milestone in 2014

Oslo: Conax, a leading global specialist in total service protection for digital TV services over all types of networks and devices, has announced continued strong annual growth in 2013. In fiercely competitive global markets, the Scandinavian-based security provider reported customer contracts with 26 new pay-TV operators and telcos in 2013 – with Latin America, Africa and India securing the most new business. Conax technology has a global reach of 85 countries.  The security provider closed 2013 with a strong year-on-year revenue growth of 10%,  year-on-year EBITDA growth of 5% and a robust cash flow margin of 32%. Q4 revenues grew by 14% from the same quarter in 2012 and the company enjoyed a 33% Q4 EBDITA growth versus Q4 2012.

In 2013 Conax deployed advanced multiscreen platforms and launched key new initiatives and solutions including security-hardened MS PlayReady DRM, Conax Cardless and a new strategic partner program – further strengthening the technology company’s unique position in the digital TV services value chain for providing total service protection.

-“We have received a tremendous amount of positive feedback on our 2013 initiatives and are quickly seeing the fruits of our labor materialize into new business,” confirms President and CEO, Morten Solbakken. The market is very positive about our direction.”

-“Capitalizing on our momentum and the Conax strong security brand, in 2014 Conax will continue to cultivate its broad solutions portfolio by leveraging complementary technologies and strategic partnerships. We will continue to offer new solutions for advanced operators keen to tap new market segments and developing markets looking to position for the future,”  continues Solbakken.

Key 2014 Milestone
In 2014, Conax is celebrating 10 years of strategic partnership with Star Times, China – one of “China’s Top 100 Innovation-Oriented Enterprises”. In addition to establishing key customers in China, Conax content protection technology is also deployed in Star’s Pan-Africa operation and satellite service in 12 countries and growing; including Nigeria – Africa’s largest DTT operation. Star Times’ tremendous success has been led by Chinese entrepreneur, Mr. Pang Xinxing, Star Times President.

-“We are very pleased with our strong partnership and relations with Star Times and Star Times President, Mr. Pang Xinxing, says Morten Solbakken. We look forward to further developing our partnership together in in the coming years through new secure technologies and forward-thinking solutions for capturing growth in these rapidly evolving markets.”

-“Close cooperation, flexibility and focus on the best record in platform protection are key factors in the Star Times alliance with our long term security partner Conax, confirms Mr. Pang Xinxing, Star Times President. I am very happy with our strategic partnership with Conax and aim to continue to strengthen our collaboration for enabling future-oriented solutions for tapping diverse new market segments.”

For more information about Chinese innovation leader, Star Times, please visit: en.startimes.com.cn/

Broadcast Beat Magazine is an Official NAB Show Media partner and we cover Broadcast Engineering, Radio & TV Technology for the Animation, Broadcasting, Motion Picture and Post Production industries. We cover industry events and conventions like BroadcastAsia, CCW, IBC, SIGGRAPH, Digital Asset Symposium and more!
Broadcast Beat - Production Industry Resource