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Netgem sees revenues rise 24% in Q3

French firm Netgem, a specialist in connected home solutions, has posted revenues of €20.1mn for the third quarter of this year, up 24% from one year previously, with growth both at home and abroad.

During the three months to September, the company extended its focus beyond IPTV to win new business from satellite and cable TV operators (MTG-owned Viaplay in Sweden and YouSee in Denmark respectively).

Netgem also entered into the mobility market during the period with the acquisition of PlugnSurf, which produces the Wobe mobile connectivity device, and its board has agreed to merge PlugnSurf with IPTV audience measurement firm DigiTime, effective as of December 31st.

By the end of this year, international revenues should represent around two-thirds of consolidated 2012 turnover, says Netgem.

No word was given on profitability for the year to date.

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