The Kudelski Group’s acquisition of Conax has boosted the security to technology company in the first half of the year.
A number of key initiatives have been launched that are expected to bring cost savings across the group. These include improved sourcing arrangements for smartcards and better leveraging SmarDTV’s solutions in the CAM business.
There are also plans to accelerate the cross selling of products such as TV5 connectware, MediaLive multiscreen solutions and SmarDTV devices.
The 9.5% increase in revenues, when compared to the first six months of 2014 has also been boosted by a patent cross-licence agreement with Cisco.
Kudelski Group reported operating income of CHF 27.7 million, representing growth of 79.9% over the first half 2013. Net income from continuing operations improved from CHF 10.7 million to CHF 18.3 million.
OpenTV5 deployments are progressing with the commercial launch at Starhub, Singapore in April.
A new content security solution has also gone in Israel’s HOT cable network, while the French Numericable selected NAGRA Media PRM and NAGRA Media Player SDK to enable its new Multiscreen application on Android and iOS (see separate story).
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