ATEME (www.ateme.com) has closed on March 12 a Capital Increase of more than 4 million euro, an investment shared between existing and new investors, as well as, the management of the company.
“Despite difficult market conditions in 2009, where most of our direct competitors had to cope with a decrease of their revenue, ATEME was able to sustain its strategy of investment in innovation. This led us to outperform the market and achieve a healthy 30% growth in 2009. We now contemplate even faster progression in the first half of 2010 “, states Fabrice Sana, ATEME CFO.
“This Capital Increase will enable us to preserve our technology advantage, while strengthening our financials to support our prestigious customers on ever more ambitious challenges”.
ATEME (www.ateme.com) was founded in 1991 and is head quartered in Bievres, France. A world-leading provider of MPEG-4/H.264 video compression solutions, ATEME’s renowned technology supports multi format content, deployed across any platform – from mobile to Ultra HD delivery. ATEME provides broadcasters, telecom operators and content owners with unmatched compression quality and bandwidth efficiency.