BigBand Networks Inc. is partnering with CLAdirect Inc., a distributor of IP networking solutions in Latin America and the Caribbean, to design and build networks using video-networking platforms that enable digital TV, HDTV, advanced advertising, video on demand and interactive TV in those regions.
Miami-based CLAdirect has offices in Argentina, Chile, Colombia, Ecuador, Guatemala, Panama, Peru, Puerto Rico and Venezuela.
“Our partnership with CLAdirect will expand our presence in the Latin American and Caribbean markets to offer solutions that enable delivery of video seamlessly to the rapidly expanding lineup of IP-enabled consumer devices and to satisfy consumers’ demand for video anywhere, anytime, on any device,” commented Max Salino, director/Latin America Sales and Channel Partnerships at BigBand Networks. “CLAdirect joins the BigBand Networks Partner Program, which enables system integrators and value-added resellers to provide digital video networking solutions for digital migration, switched digital video, zoned advertising and IPTV.”
“Consumers in Latin America are demanding more content selection including high quality video delivered to multi-screens. BigBand Networks’ video solutions will enable CLAdirect to deliver these services and complement our portfolio of IP-based solutions that enable convergence of voice, data, video and mobility,” added Gerardo Lacunza, director of product at CLAdirect. “In addition, BigBand Networks’ product portfolio supports delivery of margin-rich video services for our customers, further strengthening the value proposition of the combined portfolio of solutions.”
BigBand also added Technetix as a partner earlier this spring.
In separate but related news, BigBand reported 2Q10 financial results that said, in part, that revenues for the second quarter were $26.4 million, compared with $39 million for 2Q09. GAAP net loss for 2Q10 was $9.6 million, (-$0.14 per share), compared to GAAP net income of $3.1 million ($0.04 per diluted share) reported in 2Q09.
“During the second quarter, we increased our switched digital video footprint to more than 37 million households and worked with customers to advance their IPTV deployments,” said Amir Bassan-Eskenazi, president and CEO. “I am encouraged by the progress we have made in our products and technology. We expect these investments to yield long-term growth and shareholder value.”
Looking ahead to the third quarter, BigBand management projects net revenues in the range of $24 million to $27 million.