Monday, 4 February 2008

TANDBERG Credits Strong Q4 Results to Increasing Adoption of Video

Leading provider of telepresence, high-definition videoconferencing and mobile video products and services, TANDBERG reported its fourth quarter revenues at 192.9 MUSD compared with 130.8 MUSD in the same quarter last year, representing 47.5% year-over-year growth.

For the full year, revenue totaled 630.5 MUSD in 2007 compared with 419.7 MUSD in 2006, or 50.2% growth.

"Video is becoming a natural, integral part of communication for leading organizations. TANDBERG's solid growth in the fourth quarter reflects the increasing adoption of video.With the industry's broadest range of endpoints, the Company executed well in meeting customer demands for high definition video and telepresence,” said Fredrik Halvorsen, Chief Executive Officer, said in a prepared statement

"With the demand for video growing within organizations, the need for scalable infrastructure and integration with other technology platforms is growing. TANDBERG recently announced a highly scalable new gateway, the first new product resulting from the September acquisition of Codian. In addition, TANDBERG enhanced its total solution offering with an upgrade to its Content Server that makes recording video for anytime viewing even simpler.

"Cementing its industry leadership, TANDBERG continues to invest in technology, sales and marketing."

Revenue in the Asia Pacific region during 4Q07 totaled 20.7 MUSD, compared with 10.4 MUSD in the same quarter last year. Singapore and Australia were said to have performed well.

Moving forward, TANDBERG said it is establishing a distinct position as a provider of high-definition video and telepresence within the unified communications space.

The first new product developed by the Codian team was recently introduced, just four months after the acquisition was completed. The TANDBERG Codian Gateway connects ISDN to IP and enables 1000 concurrent video calls. It is the highest capacity high-definition ISDN gateway in the market, and in a single chassis.