Masstech Innovations for Broadcasters Yield Double Digit Growth in Revenue and Profitability Along with Significant Expansion in 2013
Masstech Solutions Rewrite Rules, Reset Expectations and Help Broadcasters Increase the Value of Content Resources
TORONTO, Canada—November 20, 2013—Masstech Group, whose solutions enable media companies to save, share and transform content, today announced it had achieved remarkable growth in fiscal 2013 with another year of both double digit growth in revenue and profitability. The company continued to add new customers in all markets and across all its product categories, with continued expansion of its leadership role in archiving solutions for media companies and rapid uptake of the company’s Masstech for News solution.
Masstech CEO Joe French said, “This has been an exciting year at Masstech and for its broadcast customers. It began with the shower of awards for innovation that Masstech received at NAB and has continued with game-changing deployments of those solutions for media companies around the world. Our customers seem to agree that old-line archive and media management solutions are burdensome because they aren’t neatly integrated into the ways that people work every day. Through automation, reduced complexity, and tight integration with the production tools people rely on, Masstech is helping its customers be more efficient, productive and to get more from their valuable content resources.”
The company’s groundbreaking Masstech for News solution, introduced in April 2013, has been widely accepted by newsrooms in the U.S. with deployments started or planned at major groups including Cordillera, CBS, Gannett, LIN, Post-Newsweek, Scripps, Sinclair and other leading media companies. Coupled with sales of Masstech Enterprise solutions for archiving and media management, Masstech increased its sales backlog by more than 60% over the previous year to its highest level in more than five years.
In response to increased demand, Masstech has taken significant steps to enhance its sales and support presence in key regions. During the past two years, Masstech has grown its support staff worldwide by 31 percent. A dedicated support team in Latin America now delivers outstanding support to the company’s rapidly growing customer base in the region. Masstech has also begun major development of its operations in Europe, beginning with the addition of a new Managing Director to oversee the company’s presence in Europe including dedicated sales, support and development teams. On the business side, Masstech has hired two renowned and trusted news industry leaders to drive development of key solutions for the News as well as Enterprise business sectors.
For complete more information about Masstech and its industry-leading archiving and media management solutions visit www.masstech.com.
About Masstech Group
Masstech Group is the leading provider of powerful tools for media asset management and transcoding technology for the media and entertainment industries. From global media companies to corporate video production departments, organizations of all sizes rely on Masstech for file-based workflow solutions that have tangible impact on efficiency and productivity. Masstech serves a customer base that spans Asia Pacific, the Middle East, Europe, North and South America. Founded in 2002, the company is headquartered in Toronto, with offices in Australia, Europe, India and the United States. For complete information visit:www.masstech.com.