French firm Netgem, a provider of connected entertainment technology, has indicated that it plans to intensify its investments in the Connected TV industry after posting a 4% drop in revenues for 2012 as a whole to €81.2mn.
This drop is principally due to a 27% fall in its domestic revenues over the course of the year – a decline which is mitigated by a 14% rise in international revenues.
The company has expanded into 15 other countries besides France over the past three years, enabling it to derive two-thirds of its revenues from international markets last year, and is aiming to double its international revenues between 2011 and 2014.
In France, Netgem plans to invest more in the Connected TV industry and related services, describing the sector as offering “real prospects” due to increased competition between operators.
The company has also decided to “significantly” increase its R&D efforts in order to quickly expand its range of products, particularly in the area of access and multi-screen content distribution within the home.