Vecima Networks

http://www.vecima.com
https://www.linkedin.com/company/vecima-networks/

Vecima Networks Inc. is a publicly owned company headquartered in Canada. Founded in 1988, it has around 450 employees and generated approximately $250 million in revenue in 2023. The company specializes in providing telecoms network infrastructure, including broadband and video streaming networks (CDN) products.

2023 Revenue

Founded

1988

Headcount

446

Headquarters

Canada

Primary Segment

Telecoms network infrastructure

Ownership

Publicly Owned

Deployments

Similar Companies

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Vecima Networks offers 6 products in the media tech and telecoms tech industries. Vecima Networks's product portfolio comprises of connectivity and distribution services, telecoms network infrastructure and video processing and playout.

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Vecima Networks's revenues were $277.2M in 2023. Caretta Research has split Vecima Networks's revenue into 6 different product categories, the largest of which is cable access equipment, which represents 70% of Vecima Networks's revenue.

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Dec

17th

2024

14:52

Management Changes, Caretta Research_Monitor Company

Vecima board welcomes David Rowat as independent director

Vecima Networks has appointed David Rowat to its board as an independent director. Rowat has spent the past five years as a consulting partner with boutique technology M&A advisory firm Strategic Exits Corporation, prior to which he had his own consulting company, Strategic Catalysts. Vecima said he has worked with over 75 companies in C-level roles in finance, mergers and acquisitions, operations, corporate development, and strategic planning.

Telecompaper

Dec

17th

2024

01:00

Management Changes, Caretta Research_Monitor Company

Vecima Networks Inc. Announces Changes to Board of Directors

Vecima Networks Inc. announced the voting results of its annual general meeting of shareholders held virtually on December 16, 2024. The company announced that Mr. David Rowat has joined its board of directors. As an Independent Director, David brings a wealth of expertise with several decades of leadership experience in the technology sector.

MarketScreener

Dec

16th

2024

18:00

IoT, Caretta Research_Monitor Company

Transcript : Vecima Networks Inc.

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MarketScreener India

Dec

10th

2024

18:30

Cost Cutting, Corporate Restructuring, Capital Refinance/Restructure, Caretta Research_Monitor Company

Vecima Networks to cut 12 percent of workforce in restructuring

Vecima Networks has announced restructuring plans that will see the company reduce its overall headcount by 12 percent. In the company's announcement, Vecima said that it expects to save $17.5 million from the restructuring, which is set to start in the second half of fiscal 2025.

DCD

Dec

10th

2024

02:52

Cost Cutting, Corporate Restructuring, Caretta Research_Monitor Company

Vecima Networks Reduces Workforce by 12% in Restructuring

Vecima Networks announced a workforce reorganization of approximately 12 percent to better align teams and program investments with customer needs, while also enhancing operating efficiency. This reduction is expected to yield annualized savings of approximately $17.5 million, starting in the second half of fiscal 2025. Vecima anticipates recording reorganization costs of about $3.0 million in the second quarter of fiscal 2025.

The Fast Mode

Dec

9th

2024

22:39

Corporate Restructuring, Capital Refinance/Restructure, Caretta Research_Monitor Company

Vecima announces cost restructuring

Vecima announces cost restructuring 2024-12-09 17:20:46 ET More on Vecima Networks Read the full article on Seeking Alpha For further details see:

Baystreet Ca

Dec

9th

2024

22:23

Corporate Restructuring, Caretta Research_Monitor Company

Vecima Announces Cost Restructuring, Sharpening Focus on Profitable Growth

Vecima Announces Cost Restructuring, Sharpening Focus on Profitable Growth Vecima Networks Inc. (VCM: TSX) today announced it has undertaken a workforce reorganization of approximately 12 percent to align teams and program investments with customers' needs while also enhancing operating efficiency.

Le Lézard

Dec

9th

2024

18:30

M&A Activities, Cost Cutting, Layoffs, Caretta Research_Monitor Company

Vecima cuts 12% of workforce amid reorg

Vecima Networks, a company that has transformed itself into one of the cable industry's key suppliers, announced Monday it has cut about 12% of its workforce as part of a broader reorganization. About 80 employees were impacted by the decision, with a portion of them taking early retirement packages, a company official said.

Broadband World News

Dec

8th

2024

18:30

Corporate Restructuring, Caretta Research_Monitor Company

Vecima Announces Cost Restructuring, Sharpening Focus on Profitable Growth

Vecima Announces Cost Restructuring, Sharpening Focus on Profitable Growth VICTORIA, B.C. – (December 9, 2024) – Vecima Networks Inc. (VCM: TSX) today announced it has undertaken a workforce reorganization of approximately 12 percent to align teams and program investments with customers’ needs while also enhancing operating efficiency.

Vecima

Dec

4th

2024

19:57

SCTE® LiveLearning for Professionals Webinar™ Series: Going to 10G & Beyond

As another busy year of technology development winds down, the cable industry is now starting to deliver on its promise to offer multi-gig speeds to subscribers over its legacy HFC network. Leading MSOs like Comcast and Altice USA are rolling our 2 Gig and faster service, lab and field trials of both flavors of DOCSIS 4.0 are moving forward and vendors are developing the relevant equipment and software to support the higher speeds and greater bandwidth demands.

Vecima

Nov

22nd

2024

09:56

Procurement and Sales

Liwest partners Vecima Networks to deliver FTTP services

Austrian operator Liwest has signed a contract with Vecima Networks to provide Fibre-to-the-Premises (FTTP) services, Vecima said. Under the agreement, Liwest will deploy Vecima's EXS1610 All-PON 10G shelf product with Docsis Provisioning of EPON (DPoE). The EXS1610 Shelf is a passive optical network (PON) that enables providers to shorten time to market and achieve faster time-to-service for fibre-optic services.

Telecompaper

Nov

21st

2024

18:30

New Offerings

Vecima Aims to Reduce Video Bit Rates and Boost Quality

Vecima Networks is shoring up its video platform with prefiltering technology from a startup called Digital Harmonic that’s designed to reduce bit rates by up to 80% and improve the overall quality of the image.

Sports Video Group

Vecima Networks's customers primarily consist of telecoms and pay TV services companies. Examples of Vecima Networks's customers include Telenet, Charter Communications and NOS. Vecima Networks has commercial and technical partners like Youcast! and RocNet Supply.

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Vecima Networks

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Primary Segment

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