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Net Insight

Interim / Quarterly Report Jul 20, 2011

3180_ir_2011-07-20_9259540c-5a1d-4807-aa34-8d41d63b214a.pdf

Interim / Quarterly Report

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NET INSIGHT INTERIM REPORT JANUARY - JUNE 2011

Net Insight AB [publ] Corporate Reg. No 556533-4397

Second Quarter 2011

  • Net Sales of SEK 72.2 million (71.5) corresponding to a growth of 1.0% compared with the same period previous year. The growth rate in comparable currencies amounts to 12%.
  • Operating earnings of SEK 8.3 million (11.9), corresponding to an operating margin of 11.5% (16.6).
  • Earnings per share of SEK 0.02 (0.02).
  • Total cash flow of SEK -25.8 million (3.3) due to temporary changes in working capital.

January - June 2011

  • Net sales of SEK 138.9 million (132.0) corresponding to a growth of 5.2% compared with the same period previous year. The growth rate in comparable currencies amounts to 11%.
  • Operating earnings of SEK 11.2 million (18.1), corresponding to an operating margin of 8.1% (13.7).
  • Earnings per share of SEK 0.04 (0.19).
  • Total cash flow of SEK -45.3 million (56.4).

Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/ or the Financial Instruments Trading Act. The information was submitted for publication on July 20, 2011 at 08.30 am CET.

MODEST GROWTH BUT CONTINUED GEOGRAPHICAL EXPANSION

Revenues reported in the second quarter of 2011 were SEK 72.2 million and slightly above the same period in the previous year. We are pleased to have won some very significant contracts in the quarter but as a company we remain dependent on certain key projects to materialize in order to achieve significant revenue growth.

The reported gross margin for the second quarter is 61.3 % compared with 66.4 % for the same period in the previous year. The cash flow during the second quarter was negative by SEK 25.8 million mainly due to changes in working capital and higher inventory levels to hedge certain long lead time components for production. The negative cash flow is not a result of any change in bad debts. The revenue growth the second quarter amounted to 1.0 % compared with the same period previous year. In fixed currencies the revenue growth amounted to 12 %.

The second quarter showed a steady repeat business with existing customers and two significant contracts from two new customers, one in the US and one new important cable-TV customer in Germany. The Americas and APAC have improved slightly and EMEA was lower than expected. We continue our strategic direction to expand geographically. Net Insight entered several new countries during the quarter and opened up new markets through our partners in countries such as Turkey, Greece, Egypt, Peru and Colombia.

Our partner network increased with eight new partners to a total of 48 partners. Our indirect sales reached 33 % of total revenues for the quarter and for the first six months indirect sales reached 48 %. We have now established a strong partner network in all target markets and going forward our focus is to leverage these partnerships to achieve accelerated growth.

The operating earnings for the second quarter and the first half of 2011 was SEK 8.3 million and SEK 11.2 million respectively, compared with SEK 11.9 million and SEK 18.1 million for the same period in the previous year. In summary, revenues were higher the second quarter and for the first half of 2011, but we were not able to compensate for the foreign exchange effects on the bottom line.

Stockholm, July 20, 2011 Fredrik Trägårdh CEO

BUSINESS ACTIVITIES DURING THE SECOND QUARTER

The majority of Net Insight's revenues came from expansion orders from existing customers. This quarter we can see that the business area Broadcast and Media Networks (BMN) represented 65% of the revenues while DTT represented a share of 23%. Net Insight received an order for a new DTT-project from the EMEA region. An essential part of the DTT revenues is related to the continuous implementation of the Teracom DTT-network in Sweden. The CATV/IPTV business area represented 12% thanks to the order received from one of the leading cable-TV company in Germany. The German order was taken in partnership with our partner SHM Broadcast GmbH. One other important order for Net Insight is the order from The Switch in the US. The Nimbra platform will be used and support The Switch in a 50-city network expansion.

The customer base has also expanded during the quarter with new customers in the US, Australia and China. The new American customer is one of the leading television companies in the US. The Australian customer, Sydney Teleport Service, selected Net Insight to deliver equipment for contribution services in conjunction with the Rugby World Cup in New Zealand in September. During the quarter Net Insight was selected by the new customer Shanghai Telecom to support TV-broadcasting from the FINA World Championship in China. Net Insight also announced the name of the argentine customer Arsat, being in charge of the deployment of the national DTT-project in Argentina. Arsat already selected the Nimbra platform in May 2010. Net Insight has until today won three different orders related to the digital terrestrial TV network in Argentina, two of which in 2010.

PARTNERSHIP

During the second quarter of 2011 Net Insight signed up eight new partners based in Latin America, Europe, Northern and Southern Africa. At the end of the second quarter Net Insight's Global Partner Network has 48 partners. Net Insight focuses on building the competence in our channels to leverage our partnership for future growth.

MARKETING ACTIVITIES

Net Insight's ambition is to increase the awareness about the company and its solutions. Exhibitions are one of the main marketing channels used to increase the awareness of Net Insight. During the second quarter we participated in nine different exhibitions in UK, Germany, Russia, US, Italy, Egypt, Korea and Singapore. The NAB show in Las Vegas, in April, is one of the most important exhibitions for Net Insight as well as the Asian show CommunicAsia in June. We exhibited in Egypt for the first time together with our new premium partner System Design.

Net Insights' PR activities have during the second quarter resulted in good media coverage both in print and online magazines.

NEW PRODUCT INTRODUCTION

Earlier this year Net Insight launched Nimbra 380 with support for IP/Ethernet services and the new platform was successfully implemented in customer networks during Q2. Net Insight has introduced enhanced audio support by providing the communication protocol for digital audio, MADI (Multichannel Audio Digital Interface), in the Nimbra platform during the quarter. The MADI interface is used by the Swiss Public Broadcaster SRG SSR and will increase our addressable market for audio within the Broadcast and Media Network segment.

SALES AND EARNINGS

Second Quarter

Net Sales for the second quarter amounted to SEK 72.2 million (71.5), which represents a growth of 1.0%. Revaluation of accounts receivables in foreign currencies had a positive effect on Net Sales of SEK 1.4 million compared to SEK 0.9 million for the same period last year.

In comparable currencies the growth amounts to 12%.

The EMEA region accounted for SEK 45.1 million (47.8) of total sales. The Americas showed growth of SEK 1.1 million to SEK 21.8 million (20.7) and APAC is up compared with previous year to SEK 5.3 million (3.0).

NET SALES PER REGION

Q2 Q2 Q3 Q4 Q1 Q3'10 - Full year
Amount in SEK million 2011 2010 2010 2010 2011 - Q2'11 2010
EMEA 45,1 47,8 56,6 80,1 50,3 232,1 229,2
Americas 21,8 20,7 7,0 6,2 13,2 48,2 43,8
APAC 5,3 3,0 4,0 1,8 3,1 14,2 14,7
Totalt 72,2 71,5 67,6 88,1 66,6 294,5 287,7

Sales in the Broadcast & Media business area made up to 65% (63) of total sales, DTT & Mobile TV accounted for 23% (37) and IPTV/CATV for 12% (0).

Hardware revenue decreased slightly by SEK 1.9 million to SEK 48.9 million (50.8). Sales of software licenses are down by SEK 0.4 million to 8.1 (8.5) whereas support and service revenue has increased with previous year to SEK 13.1 million (10.5).

As shown in the condensed income statement on page 10, the Gross margin is 61.3% (66.4).

Total operating expenses for the second quarter is stable on SEK 35.9 million (35.5). Sales and marketing expenses have decreased by SEK 3.5 million mainly following lower provisioning for bad debt and commissions to partners. Administrative expenses are higher mainly as more consultants have been engaged in the period. R&D expenses show an increase of SEK 1.7 million compared to last year as a result of more employees.

Operating earnings for the second quarter amounted to SEK 8.3 million (11.9), which corresponds to an Operating Margin of 11.5% (16.6)

The financial net amounted to SEK 1.4 million (-0.2) as a result of increased bank interest.

Earnings before tax amounted to SEK 9.7 million (11.7), which corresponds to a profit margin of 13.5% (16.3).

Net Income amounted to SEK 9.3 million (8.7) resulting in a Net Profit margin of 12.9% (12.2).

Six Months

Net Sales for the six months period amounted to SEK 138.9 million (132.0), which is an improvement of 5.2% over last year. Revaluation of the accounts receivables stock had no impact on Net Sales for the first six months (1.5). In comparable currencies the growth amounts to 11%.

The EMEA region accounted for SEK 95.4 million (92.4), Americas SEK 35.0 million (30.8) and APAC SEK 8.4 million (8.8).

Sales by business area are distributed between Broadcast & Media 64% (72), DTT & Mobile TV 28% (27) and IPTV/CATV 8% (1).

Hardware sales amounted to SEK 101.2 million (95.8), support and service revenue SEK 22.9 million (20.4) and software licenses SEK 13.8 million (14.4).

As shown in the condensed income statement on page 10, the Gross margin is 59.6% (66.1).

Operating earnings amounted to SEK 11.2 million (18.1), which correspond to an Operating Margin of 8.1% (13.7).

The financial net was positive SEK 2.3 million (-0.4).

Earnings before tax amounted to SEK 13.6 million (17.7) and the corresponding profit margin amount to 9.8% (13.4)

Net Income amounted to SEK 14.1 million (72.7). The transaction, announced in Q1 2010, whereby Net Insights intellectual property rights are moved to a new wholly owned limited liability company gave a positive tax and cash effect of approximately SEK 60 million, while utilizing SEK 728 million of tax losses carried forward.

CASH FLOW AND FINANCIAL POSITION

Cash flow from ongoing operations in the second quarter amounted to SEK -9.4 million (16.5). Cash flow from ongoing operations before changes in working capital was positive, SEK 14.9 million (18.4). Working capital was negative, SEK -24.3 million (-1.9). Also the investment activity was negative, SEK -16.4 million (-13.3). Second quarter cash flow amount to SEK -25.8 million (3.3) and liquid funds at the end of the period totaled SEK 190.6 million (208.4).

Cash flow from ongoing operations for the six month period amounted to SEK -12.8 million (22.7). The cash flow from ongoing operations before changes in working capital was positive, SEK 27.3 million (31.5). Working capital was negative for the period SEK -40.2 million (-8.8). The investment activity was negative SEK -32.5 million (33.7). Last year's positive cash flow was generated from the first quarter IPR transaction which gave a cash surplus of around SEK 60 million. Total cash flow for the six month period amounted to SEK -45.3 million (56.4).

Shareholders' equity amounted to SEK 454.7 million (410.1) with a resulting equity ratio of 86.6% (83.6).

INVESTMENTS

Second quarter investments in tangible assets amounted to SEK 0.9 million (0.1) and depreciation of tangible assets amounted to SEK 0.2 million (0.2). Capitalization of development expenditures totaled SEK 15.5 million (12.6). Depreciation of capitalized development expenditures totaled SEK 6.7 million (5.7).

Investments in tangible assets for the six months period amounted to SEK 1.0 million (0.3) and depreciation of tangible assets amounted to SEK 0.4 million (0.6). Capitalization of development expenditures totaled SEK 31.5 million (25.5). Depreciation of capitalized development expenditures totaled SEK 13.2 million (11.1).

At the end of the period, net book value of capitalized development expenditures amounted to SEK 139.9 million (109.7).

EMPLOYEES

At the end of the period Net Insight had 138 (130) employees. The parent company Net Insight AB had 129 (124) employees and the US subsidiary Net Insight Inc. had 5 (6) employees.

PARENT COMPANY

The parent company's net sales during the second quarter were SEK 94.9 million (89.8). Net income amounted to SEK 13.5 million (4.4).

For the six month period ending June 30th, the net sales were SEK 183.2 (156.0) and the Net income amounted to 21.8 (191.6).The capitalization equates to a utilization of SEK 728 million of tax losses carried forward. Liquid funds amounted to SEK 125.0 million (139.8).

Remaining tax losses carried forward amount to SEK 163 million.

RISK AND SENSITIVITY ANALYSIS

Net Insight's operation and results are impacted by a number of external and internal factors. A continuous process identifies existing risks and assesses how each risk shall be managed and mitigated.

The risks to which, the company are exposed are divided into market related risks (including competition, technology development, political risks), operational risks (including product reliability, intellectual property rights, litigation, and customer dependence) and financial risks (including predominately currency exposure).

No additional significant risks or uncertainties than those described in the annual report 2010 have developed in the second quarter.

For a complete description of the Company's risk analysis and risk management, see page 26 and 44 in the 2010 Annual report.

CONSOLIDATED INCOME STATEMENT

Q2 Q2 Jan-Jun Jan-Jun Q3'10-Q2'11 Fully year
Amount in SEK thousands 2011 2010 2011 2010 12 months 2010
Net sales 72 236 71 465 138 855 131 994 294 559 287 698
Cost of goods & service sold -27 990 -24 038 -56 095 -44 775 -118 488 -107 168
Gross earnings 44 246 47 427 82 760 87 219 177 349 180 530
Sales and marketing expenses -21 947 -25 460 -44 335 -48 136 -91 242 -95 043
Administration expenses -7 206 -5 074 -15 228 -10 279 -25 206 -20 257
Development expenses -6 745 -5 014 -11 968 -10 680 -23 434 -22 146
Operating earnings 8 348 11 879 11 229 18 124 36 189 43 084
Net financial items 1 397 -207 2 331 -439 3 244 474
Earnings before tax 9 745 11 672 13 560 17 685 39 433 43 558
Tax -405 -2 961 510 55 042 4 713 59 245
Net income 9 340 8 711 14 070 72 727 44 146 102 803
Net income for the period attributable to the stockholders of
the parent company 9 340 8 711 14 070 72 727 44 146 102 803
Earnings/loss per share, based on net profit attribnutable to
the parent company's shareholders during the period (in SEK
per share)
Earnings per share before dilution 0,02 0,02 0,04 0,19 0,11 0,26
Earnings per share after dilution 0,02 0,02 0,04 0,19 0,11 0,26
Average number of shares in thousands before dilution 389 933 389 933 389 933 389 933 389 933 389 933
Average number of shares in thousands after dilution 389 933 389 933 389 933 389 933 389 933 389 933

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Net income 9 340 8 711 14 070 72 727 44 146 102 803
Other comprehensive income
Exchange rate differences 9 504 -494 548 -1 453 -411
Total other comprehensive income, net after tax 9 504 -494 548 -1 453 -411
Total comprehensive income for the period
Total comprehensive income for the period attributable to the
9 349 9 215 13 576 73 275 42 693 102 392
stockholders of the parent company 9 349 9 215 13 576 73 275 42 693 102 392

CONSOLIDATED CASH FLOW STATEMENT

Q2 Q2 Jan-Jun Jan-Jun Q3'10-Q2'11 Full year
Amount in SEK thousands 2011 2010 2011 2010 12 mths 2010
Ongoing operations
Net income before tax 9 745 11 672 13 560 17 685 39 433 43 558
Depreciation 7 149 6 109 14 047 12 133 27 079 25 165
Other items not affecting liquidity -1 991 644 -275 1 645 2 371 4 291
Cash flow from ongoing operations
before change in working capital 14 903 18 425 27 332 31 463 68 883 73 014
Change in working capital
Increase-/decrease+ in inventories -2 044 -412 -12 513 1 802 -15 873 -1 558
Increase-/decrease+ in receivables -3 397 8 821 -7 085 -18 710 -772 -12 397
Increase+/decrease- in current liabilities -18 843 -10 284 -20 565 8 146 -10 012 18 699
Cash flow from ongoing operations -9 381 16 550 -12 831 22 701 42 226 77 758
Investment activity
Acquisitions of intangible fixed assets -15 484 -13 045 -31 464 -25 852 -58 901 -53 289
Acquisitions of tangible fixed assets -878 -68 -1 017 -271 -1 242 -496
Acquistion of net assets 0 0 0 59 990 0 59 990
Increase-/decrease+ in long-term receivables -8 -142 24 -145 64 -105
Cash flow from investment activity -16 370 -13 255 -32 457 33 722 -60 079 6 100
Increase/decrease in liquid funds -25 763 3 294 -45 288 56 423 -17 853 83 858
Liquid funds, opening balance 216 332 205 128 235 857 151 999 208 422 151 999
Liquid funds, closing balance 190 569 208 422 190 569 208 422 190 569 235 857

CONSOLIDATED BALANCE SHEET

Amount in SEK thousands Jun 30 2011 Jun 30 2010 Dec 31 2010
ASSETS
Intangible assets
Capitalized expenditure for development 139 889 109 661 121 600
Goodw ill 4 354 4 354 4 354
Other intangible assets 1 724 2 282 2 156
Tangible fixed assets
Equipment 2 279 1 885 1 702
Equipment for leasing 0 296 0
Financial assets
Deferred tax asset 29 585 24 871 29 075
Deposits paid, long-term 329 393 353
Total fixed assets 178 160 143 742 159 239
Current assets
Inventory 41 540 24 868 28 228
Customer receivables 104 123 101 011 98 430
Other receivables 10 900 12 766 9 034
Cash and bank balances 190 569 208 422 235 857
Total current assets 347 132 347 067 371 549
Total assets 525 292 490 809 530 788
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity
Restricted shareholders' equity
Share capital 15 597 15 597 15 597
Other contributed capital 1 192 727 1 192 727 1 192 727
Translation difference -2 155 -700 -1 659
Accumulated deficit -751 483 -797 528 -766 091
Total shareholders' equity 454 686 410 096 440 574
Long-term liabilities
Long-term liabilities 0 458 0
Provisions 5 958 7 320 5 001
Total long-term liabilities 5 958 7 778 5 001
Current liabilities
Accounts payable 18 763 21 515 32 719
Other liabilities 45 885 51 420 52 494
Total current liabilities 64 648 72 935 85 213
Total liabilities and equity 525 292 490 809 530 788

CHANGES IN GROUP SHAREHOLDERS' EQUITY

Other Total
Share contributed Translation Accumulated shareholders'
Amount in SEK thousands capital capital difference deficit equity
2010-01-01 15 597 1 192 727 -1 248 -871 843 335 233
Total comprehensive income 0 0 548 72 727 73 275
Employee stock option program:
Value of employees' services 0 0 0 1 588 1 588
2010-06-30 15 597 1 192 727 -700 -797 528 410 096
2010-07-01
Total comprehensive income 0 0 -959 30 076 29 117
Employee stock option program:
Value of employees' services 0 0 0 1 361 1 361
2010-12-31 15 597 1 192 727 -1 659 -766 091 440 574
2011-01-01 15 597 1 192 727 -1 659 -766 091 440 574
Total comprehensive income 0 0 -496 14 070 13 574
Employee stock option program:
Value of employees' services 0 0 0 538 538
2011-06-30 15 597 1 192 727 -2 155 -751 483 454 686

SEGMENT REPORT

Q2 2011 Q2 2010
Amount in SEK million EMEA APAC AM Total EMEA APAC AM Total
Net Sales 40 5 27 72 48 3 20 71
Regional Contribution 9 0 9 18 14 -1 9 22
Regional Contribution (%) 22% -2% 31% 25% 29% -27% 44% 31%
Adjusted for R&D Depreciation 4 0 3 7 4 0 2 6
Adjusted Regional Contribution 13 0 11 24 18 -1 11 28
Adjusted Regional Contribution (%) 34% 8% 41% 35% 37% -19% 52% 39%

Regional Contribution is defined as Gross earnings less Sales and Marketing expenses. AM is short for Americas.

CONDENSED CONSOLIDATED INCOME STATEMENT AND KEY FIGURES

Jan-Jun Jan-Jun
Amount in SEK, millions Q2 2011 Q2 2010 Q3 2010 Q4 2010 Q1 2011 2011 2010
Net Sales 72,2 71,5 67,6 88,1 66,6 138,8 132,0
Gross earnings 44,2 47,4 41,3 52,0 38,5 82,7 87,2
Gross margin 61,3% 66,4% 61,1% 59,0% 57,8% 59,6% 66,1%
Operating earnings 8,3 11,9 9,2 15,7 2,9 11,2 18,1
Operating margin 11,5% 16,6% 13,6% 17,8% 4,4% 8,1% 13,7%
Pretax profit 9,7 11,7 9,6 16,3 3,8 13,6 17,7
Net income 9,3 8,7 11,1 19,0 4,7 14,0 72,7
Net margin 12,9% 12,2% 16,4% 21,6% 7,1% 10,1% 55,1%

PARENT COMPANY INCOME STATEMENT

Q2 Q2 Jan-Jun Jan-Jun Q3'10-Q2'11 Full Year
Amount in SEK thousands 2011 2010 2011 2010 12 months 2010
Net Sales 94 944 89 819 183 224 155 980 377 103 349 859
Cost of goods & services sold -45 825 -47 983 -91 602 -72 797 -196 036 -177 231
Gross earnings 49 119 41 836 91 622 83 183 181 067 172 628
Sales and marketing expenses -16 504 -25 529 -37 714 -48 287 -82 301 -92 874
Administration expenses -11 566 -5 074 -19 586 -10 279 -29 564 -20 257
Development expenses -6 746 -5 014 -11 968 -10 680 -23 434 -22 146
Operating earnings 14 303 6 219 22 354 13 937 45 767 37 350
Net financial items 1 055 -258 1 720 -489 -213 099 -215 308
Earnings before tax 15 358 5 961 24 074 13 448 -167 332 -177 958
Tax -1 897 -1 537 -2 282 178 139 11 824 192 245
Net income 13 461 4 424 21 792 191 587 -155 508 14 286

PARENT COMPANY BALANCE SHEET

Amount in SEK thousands Jun 30, 2011 Jun 30, 2010 Dec 31, 2010
ASSETS
Intangible assets
Capitalized expenditure for development 139 889 109 661 121 600
Other intangible assets 1 724 2 282 2 156
Tangible fixed assets
Equipment 2 279 1 885 1 702
Equipment for leasing 0 296 0
Financial assets
Shares in group companies 18 398 18 398 18 398
Deferred tax asset 219 782 207 959 25 580
Deposits paid, long-term 329 393 339
Total fixed assets 382 401 340 874 169 774
Current assets
Inventory 41 540 24 868 28 228
Customer receivables 104 124 101 011 98 430
receivables, subsidiaries 589 892 0 533 937
Other receivables
Cash and bank balances
11 138
125 034
39 161
139 841
11 501
167 650
Total current assets 871 728 304 881 839 746
Total assets 1 254 129 645 755 1 009 520
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity
Restricted shareholders' equity
Share capital 15 597 15 597 15 597
Other contributed capital 112 822 302 207 112 822
Non-restricted equity/Accumulated deficit 786 779 200 399 764 449
Total shareholders' equity 915 198 518 203 892 868
Long-term liabilities
Long-term liabilities 0 458 0
Other provisions 5 333 7 320 4 509
Total long-term liabilities 5 333 7 778 4 509
Current liabilities
Current tax 196 485 0 0
Accounts payable 18 687 21 515 32 640
Liabilitis, subsidiaries 74 562 52 814 29 398
Other liabilities 43 864 45 445 50 105
Total current liabilities 333 598 119 774 112 143
Total liabilities and equity 1 254 129 645 755 1 009 520

ADDITIONAL INFORMATION

This interim report has been prepared in accordance with IAS 34 Interim financial Reporting and applicable rules in the Annual Accounting Act. The interims report for the parent company was prepared in accordance with Chapter 9 of the Annual Accounts Act, interim report. The accounting policies applied are consistent with those of the annual financial statements for the year ended 31 December 2010, as described in those annual financial statements.

The company's auditors have not examined this report.

CERTIFICATION BY THE BOARD OF DIRECTORS AND CEO

The Board of Directors and the CEO certify that the Interim report for the period January - June 2011 gives a true and fair overview of the Parent Company Net Insight AB and the Group's operations, their financial position and results of operations, and describes significant risks and uncertainties facing the Parent Company and other companies in the Group.

REPORTING DATES

Interim Report January – September 25 October, 2011 Year-end report for 2011 17 February 2012

Stockholm, July 20, 2011

Lars Berg Bernt Magnusson Styrelseordförande Board member

Board member Board member

Clifford H Friedman Anders Harrysson Board member Board member

Fredrik Trägårdh Board member and Chief Executive Officer

For more information, please contact:

Fredrik Trägårdh, CEO Net Insight AB Tel: +46 (0) 8-685 04 00, email: [email protected]

Net Insight AB Box 42093 126 14 Stockholm Tel +46 (0) 8 685 04 00 www.netinsight.net Corporate Reg. No. 556533-4397

Arne Wessberg Gunilla Fransson

Net Insight delivers the world's most efficient and scalable transport solution for Broadcast and IP Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV networks. Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insights Nimbra™ platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.

More than 130 world class customers run mission critical video services over Net Insight products in over 50 countries. Net Insight is quoted on the NASDAQ OMX, Stockholm.

For more information, visit www.netinsight.net

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