|Page (1) of 1 - 08/25/04||email article||print page|
OmniBus Reports Revenues up 50 PercentMike Oldham, global CEO, is appointed to the board of directors (August 25, 2004)
OmniBus Systems, the award-winning provider of comprehensive automation and video content management solutions to the global broadcast industry, today reported a dramatic increase in revenue for the first half of 2004, up 50 percent over the same period in 2003, with contracted sales orders for the period up 127 percent. The company also announced the appointment of Mike Oldham to its board of directors. Oldham, who joined the company in January of 2003 as CEO for the Americas, has been serving as global CEO since January 2004.
"The success we are having now is based on the groundwork we started laying last year," said CEO Mike Oldham. "Workflow-based software solutions developed in our G3 technology are exactly what digital television operations need for flexible and scalable automation and video content management. That, combined with our expanded international sales and support infrastructure, has positioned us as the company that can help broadcasters transition to efficient automated digital operations."
The first products based on the company's G3 architecture have created significant customer demand as they address the industry's need for modular products that are scalable and flexible. Recent sales wins that have already been made public include the BBC Broadcast Centre in the UK, WDR in Germany, NOB in Holland, Crawford Communications and the PBS ACE project in the USA, and Network 10 in Australia. Other major sales in Europe, Asia, and the United States will be announced in coming months as new customers go online.
"The early success of G3 automation and video content management has been with some of the world's leading large broadcasters, which is the traditional target market for OmniBus," Oldham said. "Now because they are cost-effective and flexible, products based on G3 are going to offer powerful automation systems to smaller stations, and the industry is going to see us delivering into those types of operations very soon. It is a very exciting time for OmniBus."
By using the power of Microsoft.net architecture, OmniBus G3 technology offers a unique implementation of micro-modular design, delivering integrated units of functionality, each addressing the precise requirements of individual users. In sharp contrast to the "one-size-fits-all" approach of traditional software development, G3 provides tailored, task-specific modules that share a common interface. Because this flexible, scalable architecture is based on standard, open-IT protocols, it allows broadcasters to use a single, consistent interface to integrate, control, and configure OmniBus products and third-party equipment for smooth content-flow management throughout entire operations.
"Under Mike's leadership we have seen dramatic growth at OmniBus," said Daan Knottenbelt at Palamon Capital Partners, majority shareholder of OmniBus. "These mid-year results are confirmation that we are on the right course - developing and delivering the right products, putting in place the right team of seasoned industry professionals, and structuring the company to target and support the key markets around the world. Now, as part of our board of directors, Mike will play an even greater role in defining the company's vision going forward."
About OmniBus Systems, Inc.
OmniBus Systems, Inc. is a wholly owned subsidiary of OmniBus Systems, Ltd. OmniBus Systems provides broadcasters worldwide with comprehensive automation and asset management solutions that address every area of a television facility and deliver wide-ranging customer benefits and cost-savings across the full spectrum of operational processes. OmniBus Systems, Ltd. is a worldwide company with headquarters in the UK and offices in Germany, Asia, and the United States. More information is available at www.OmniBus.tv.
Visit OmniBus at IBC2004, Stand 8.548
Related Keywords:OmniBus, Mike Oldham, Workflow, G3, content management, Daan Knottenbelt, Palamon Capital Partners,