MONTREAL, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Haivision, a market leader in video streaming and media management solutions, today announced revenue results for the company's fiscal year ending October 31, 2015.
Haivision's 2015 annual revenue surpassed $56 million, representing 33 percent growth over 2014 while also delivering its eighth consecutive year of profitability. Fueled by three year Compounded Annual Growth Rate (CAGR) of 112 percent in SaaS software sales, the Haivision Video Cloud is one of the fastest growing online video platforms. Nearly 30 percent of the company's overall revenue is attributed to recurring SaaS-based solutions and services.
"Our proven track record of sustained growth and profitability speaks volumes to the strength of our people and the ability of our management team to successfully execute in this competitive and high growth market," said Mirko Wicha, President and CEO of Haivision. "We have accomplished this without any private equity or venture capital investment, which is remarkable in this industry."
A private company that provides both software and services, Haivision was founded in 2004 to solve the challenges of using video in business environments. Today, Haivision powers video systems at 35 of the top Fortune 100 companies and delivers solutions for successful and impactful video experiences that work over any bandwidth, network and IT infrastructure, ensuring companies can inform, engage and empower employees.
Haivision's 2015 success is highlighted by:
- A growing number of Fortune 500 companies and industry-leading enterprises rely on Haivision's video solutions. A few of Haivision's new enterprise customers include: Aetna, Airbus, Allstate, BP, Farmers Insurance Group, Fidelity Investments, Follett Corporation, GlaxoSmithKline, Grant Thornton, Hasbro, Noble Energy, RBC, Scotiabank and State Street Corporation.
- Strategic technology partnerships and the availability of cloud-based video solutions in the Microsoft Azure marketplace and on Amazon's AWS Marketplace.
- Recognition for six consecutive years by Deloitte as one of the fastest-growing companies in the Technology Fast 50 and Fast 500.
- Named one of the fastest-growing companies in 2015 by Profit Magazine.
About Haivision
Haivision, a private company founded in 2004, provides media management and video streaming solutions that help the world's leading organizations communicate, collaborate and educate. Haivision is recognized as one of the most influential companies in video by Streaming Media and one of the fastest growing companies by Deloitte's Technology Fast 500. Haivision is headquartered in Montreal and Chicago, with regional offices located throughout the United States, Europe, Asia and South America. Learn more about Haivision at haivision.com, LinkedIn, Twitter, Facebook and on our Video Wall.