VITEC is a privately owned company headquartered in France that specializes in providing video and streaming backend solutions. Founded in 2001, the company has grown to employ over 420 individuals and generates less than $50 million in annual revenue as of 2023. VITEC primarily focuses on developing and manufacturing digital signage media players for IPTV and retail applications.
VITEC will showcase its latest broadcast solutions at IBC 2024 in Amsterdam from 13 to 16 September. The company will demonstrate its Diamond C10 chassis, which now supports all VITEC OG cards, for the first time in Europe. VITEC will also present its Avedia Platform v11 at Integrate Expo in Sydney from 21 to 23 August. The new version of the platform features a new graphical interface for designing intuitive user experiences and enables users to stream live and on-demand content, create and manage digital signage, and distribute TV and in-house content over existing networks. At InfoComm 2024 in Las Vegas from 12 to 14 June, VITEC will showcase several new products designed to harness the power of low latency video technologies for various applications, including corporate broadcast, government, hospitality, and venues. Additionally, VITEC will spotlight its advanced streaming technologies at EUROSATORY 2024 in Paris from 17 to 21 June. The company will showcase its TOUGH encoder family and the new MGW Diamond-H, a 4K & Dual-Channel SD/HD HDMI Encoder.
VITEC offers 3 products in the media tech and pro AV industries. VITEC's product portfolio comprises of digital signage and professional display and video processing and playout.
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VITEC's revenues were less than $50M in 2023. Caretta Research has split VITEC's revenue into 3 different product categories, the largest of which is live and realtime encoding. For full access to VITEC's revenue breakdown subscribe to Caretta Portal.
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VITEC's customers primarily consist of broadcast television and radio, streaming services and athletics and multi-discipline sports companies. Examples of VITEC's customers include NBCUniversal, Northwestern University and Eurosport.
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