RGB Networks achieved record growth in 2010 with a 60 percent increase in shipments over 2009 and was profitable in the year. The company ended 2010 with record backlog and experienced positive cash flow from operations. Since inception, RGB has shipped nearly $200 million in products and services to over 200 cable, telco, satellite, over-the-top (OTT) and mobile operators in more than 30 countries.
2010 company highlights:
- In June RGB acquired RipCode, a provider of mobile IP video solutions. In conjunction with RGB’s Video Multiprocessing Gateway (VMG), the addition of RipCode’s mobile technology enabled RGB to speed development of its complete three screen solution for the delivery of video services to TVs, PCs and mobile devices.?
- ?RGB introduced its newest product, the TransAct Packager, in November. Incorporating the advanced adaptive streaming technology acquired from RipCode, the TransAct Packager further expands RGB’s capabilities for video delivery to small screen devices.?
- ?RGB realized record international revenue in 2010 and hired international sales veteran Simone Sassoli in September to help expand on this success.