By Phil Kurz, Broadcast Engineering contributing writer
Omneon is healthy, prosperous and delivering product aimed at tapping into more than simply the market for playout servers.
That was the message Omneon CEO Suresh Vasudevan and Geoff Stedman, senior VP, products and markets, conveyed April 18 to members of the media attending its NAB Show press conference at the Palms Casino Resort.
While many companies struggled last year, Omneon grew 2008 revenues 43 percent, up from its 2007 revenue of $89 million, said Stedman. Perhaps insulating it to a degree from regions with shaky economies, the company reported its revenue is fairly well distributed geographically with the Americas accounting for 42 percent, EMEA 41 percent and APJ 17 percent.
Capping off his description of the company’s financial health, Stedman reported Omneon has a cash position of $34 million with no debt. The proof points seemed intended to emphasize that despite significant challenges in the broadcast industry, Omneon is financially sound and in a position to take the steps necessary to assure continued growth.
To that end, Omneon announced some new products and partnerships aimed at accelerating its growth despite economic uncertainty this year. more