Content security specialist Conax continuing strong growth in global digital TV market
Oslo, Norway.- Security provider, Conax, reported 36% revenue growth in 2008 based on global sales of its smart card security solutions. Conax’ success is highlighted by strong growth in leading industry markets Europe, India, China and Latin America.
Conax, originally a research project at global telecom operator Telenor, is today the third largest provider of content security globally for digital TV, and is now merging into new markets within video distribution. A security specialist that works with a strategic network of partners to deliver complete digital TV platforms, Conax’ partner strategy has made it the fastest growing security provider in the global content security market.
Security solutions to 78 countries
In 2008, Conax increased card deliveries by 40% from 2007 and captured 58 new customers. Conax now delivers security solutions to more than 300 Digital-TV operators in 78 countries and has local staff in 10 countries around the globe.
“Conax focuses on providing security only, so in turn the Conax organisation is smaller and leaner than competitors that look to offer a wide range of services and products. Conax’ growth and increasing global market share is a result of maintaining our focus on providing security solutions, a carefully developed global strategy and strong network of partners, “says Geir Bjørndal, EVP Sales & Marketing, Conax.
Strong global growth
“A comprehensive digitalisation process is taking place globally, with an anticipated doubling of today’s 350 million digital TV households by 2013”, says Geir Bjørndal. Conax has gained a reputation worldwide as a secure and dependable security provider, and is now well positioned through its strategy to tap the growing digital-TV market. Additionally, many of our large customers are experiencing strong growth with the global digitalisation of TV and evolving markets, resulting in additional card sales.”
“Since the internationalisation of Conax technology began in 2001, Conax has developed a broad customer base. Conax experienced 68% growth in the Indian market in just one year, and is now the market leader in Latin America. As many operators are now entering the start-phase of digitalisation, we are confident that a strong demand for our security solutions will continue,” confirms Geir Bjørndal.
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