Conax reports strong global growth in 2012

Conax, global provider of future-oriented solutions for securing multi-device and digital content for broadcasters, content providers and Telcos, today reported strong growth I n2012. In a highly competitive global market, Conax won contracts with 26 new pay-TV operators and Telcos and entered 4 new countries, extending the content security provider's global reach to 85 countries. Norway-based Conax also enjoyed its highest shipped volume on record, closing 2012 with a 20% increase on volume over 2011. Q4 revenues also grew substantially, up by 9% from the same quarter in 2011.

"In 2012, Conax launched a new corporate strategy and brand, new products, new solutions and a new partnering strategy for securing our position in the value chain, confirmed President and CEO, Morten Solbakken. We are very pleased these efforts have also materialized in an increased customer base and record volume."

"I am also pleased to introduce Tor Eirik Knutsen, new CFO, to the Conax executive team from February 1st. Tor Eirik has extensive experience within the challenges and opportunities of a global marketplace. His immediate focus will be capitalizing on the new Conax brand and organization for further driving growth and Conax' future market position.

A technology specialist, Conax core development is focused on content security solutions, flexibility and smooth integration with complementary technologies. Concentrated R&D is a cost benefit for Conax customers. Leveraging its global network of strategic partners enables Conax to deliver best-of-breed total solutions for securing pay-content revenues over broadcast and broadband.

With a continual commitment to product and development, over 35% of Conax' human capital is dedicated to R & D. During 2013 and 2014, Conax global strategy includes additional R&D staff and l sales and technical resources to support advanced solutions in mature markets and continued growth and expansion in Asia and the Americas.