Playbox Technology increases its sales by 60% in Q1

PlayBox Technology has announced at NAB a 60 percent increase in sales in the first quarter of 2011 compared to the same period last year. It represents a cumulative increase of 30 percent in the last two years.

PlayBox Technology (N5835) has announced at NAB a 60 percent increase in sales in the first quarter of 2011 compared to the same period last year. This level is expected to continue for the rest of the year and adds to the more than 30 percent increase over the past two years, putting sales volume already at more than two and a half times that of 2008.

Vassil Lefterov, CEO of PlayBox, commented in Las Vegas that "this is an exceptional achievement that is due to our customers' trust in us and is a credit to everyone at the company. Hard work and investment has paid off in all aspects of our business, from R&D to ongoing customer support around the world. Our efforts, which include the establishment of 15 sales and support centers in ten countries, are working together. Our only secret is to be highly focused on the customer needs, both in technical performance and ongoing support.”

For his part, Pavlin Rahnev, director of solutions sales, has pointed out that "the migration to digital and HD is being very fast. Also a growing number of channels distributed over the Internet are now emerging, with us collecting a good part of this new business as well."

Krasimir Dachev, CTO, has been convinced that "technically we are in the right place at the right time. The idea of running a TV channel on an IT platform and with basic products, rather than specialized hardware, has taken hold. We offer proven solutions for video broadcasting and for the growing number of file-based workflows. Our customers have shown enormous trust in us and are always asking for more features within their PlayBox. At this NAB, for For example, we are showing the new QCBox functions for quality control, including level and volume.”