fredag, januari 31, 2020

Invitation to presentation of Net Insight's Year-end report 2019

Net Insight

Invitation to presentation of Net Insight's Year-end report 2019

Net Insight AB will publish its Year-end report January – December 2019, on February 14, 2020 at 13:00 pm CET. Following this report a conference call with web presentation for media and the financial community will take place.

Interim CEO Anders Harrysson and CFO Pelle Bourn will present and comment on the report. After the presentation there will time for questions, both on the phone and via the web presentation.

Time for the publication of the Year-end report
Friday February 14 at 13:00 pm CET.

Time for conference call and web presentation
Friday February 14 at 14:30 pm CET.

Dial-in numbers
SE: +46856642707, UK: +443333009263, US: +18335268398

The conference call is mainly targeted to analysts, institutional investors and media.

Web presentation
Link: https://tv.streamfabriken.com/net-insight-q4-2019

The presentation and the Year-end report will be available on netinsight.net after publication.

Welcome!

Anders Harrysson
Interim CEO

For further information, please contact:
Anders Harrysson, Interim CEO Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media network and resource optimization. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


fredag, januari 03, 2020

Net Insight divests its Sye business to Amazon

Net Insight

Net Insight divests its Sye business to Amazon

Stockholm, Sweden – Net Insight has closed the transaction to divest Sye, its consumer streaming business, to Amazon (NASDAQ:AMZN) for approximately SEK 350 million in cash. The transaction is effective from today.

As announced on December 17, 2019, Net Insight signed an agreement to divest the Streaming Solution business area (Sye). The Sye technology solves fundamental issues for B2C streaming distribution and Amazon has already deployed Sye in some of its live streaming services as a customer.

With the close of this transaction, 100% of the shares in the wholly owned Sye business subsidiary, which holds all relevant IPRs, contracts and about 30 employees and consultants have been transferred to Amazon. The estimated net profit of the transaction will be some SEK 200 million in the first quarter of 2020.

The divestment allows Net Insight to increase focus and investments in its core B2B Media Networks business area and competencies gained while developing and launching Sye, for example, related to virtualized software and cloud-based technology, will continue to benefit the company. Among other things, the increased focus and investments involve accelerated efforts to drive growth in attractive market segments like Internet-based transport, remote/distributed production and cloud networking solutions.

Invitation to conference call with web presentation
Following the transaction, Net Insight will hold a webcast teleconference on January 9, 2020 at 15:00 CET. Please visit the Net Insight website for dial in details.

The conference call is mainly targeted to analysts, institutional investors and media.

For further information, please contact:
Anders Harrysson, Interim CEO at Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks and resource optimization. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


tisdag, december 17, 2019

Net Insight to divest its Sye business

Net Insight

Net Insight to divest its Sye business

Stockholm, Sweden – Net Insight has today signed an agreement to divest its Sye consumer streaming business for SEK 350 million in cash to a Fortune 500 company. The transaction is expected to be completed in the coming weeks.

The Sye technology has proven its unique capability to solve fundamental issues for consumer live streaming, a complex ecosystem with large and powerful stakeholders. To influence these stakeholders is critical and the market is less accessible for a small B2B company like Net Insight. In light of this and the offer received, Net Insight has decided to divest the Sye business.

"The fact that a Fortune 500 company wants to acquire Net Insight's internally developed consumer streaming solution is a proof point of our ability to develop world-class video transport solutions," says Gunilla Fransson, Chairman of the Board of Net Insight. "Sye has accelerated Net Insight's transformation to an advanced media technology company and has added invaluable competencies that will remain with Net Insight also after the divestment."

The divestment will allow Net Insight to increase focus and investments in its core B2B media transport business. Competencies gained while developing and launching Sye, for example related to virtualized software and cloud-based technology, will continue to benefit Net Insight's Media Networks business area. ​

The transaction involves divestment of 100% of the shares in a wholly owned Sye business subsidiary. Under the agreement, all relevant IPRs and contracts and about 30 employees and consultants will be transferred to the buyer. Net Insight's Streaming Solutions business area incorporates the Sye business and the business area operates on an independent basis. As a result, the effects on the rest of Net Insight operations will be limited. The Streaming Solutions business area had operating earnings of SEK -37.5 million for the first nine months of 2019 and to date Net Insight has invested around SEK 215 million in Sye.

The transaction is subject to customary closing conditions.

For further information, please contact:

Anders Harrysson, interim CEO of Net Insight, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


onsdag, oktober 30, 2019

Net Insight AB appoints interim CEO

Net Insight

Net Insight AB appoints interim CEO

The Board of Directors has appointed Anders Harrysson interim CEO of Net Insight.

As earlier communicated, Crister Fritzson has been appointed CEO of Net Insight. Crister Fritzson will assume the role no later than April 14, 2020. Henrik Sund, current CEO, will leave his position on October 31. To secure the transition, the Board of Directors has appointed Anders Harrysson interim CEO, effective immediately. Anders Harrysson has experience from senior executive positions in the IT industry and is a Board member of Net Insight since 2010.

"I would like to thank Henrik Sund for his contributions during his tenure as CEO. Henrik has together with the management team laid a solid foundation for the strategic direction of the company, with increased focus on customer and growth. Net Insight is well positioned for the next development phase," says Gunilla Fransson, Chairman of the Board of Net Insight.

For further information, please contact:

Gunilla Fransson, Chairman of the Board of Net Insight, +46 8 685 04 00,
gunilla.fransson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


tisdag, oktober 29, 2019

Net Insight Interim Report January – September 2019

Net Insight

Net Insight Interim Report January – September 2019

Quote from CEO Henrik Sund: "Positive cash flow and strong results for Nimbra"

July – September 2019

  • Net sales amounted to SEK 112.3 (115.1) million, a decrease of -2.4% year-on-year. In comparable currencies net sales decreased by -6.8%.
  • Operating earnings amounted to SEK 3.1 (-4.2) million, corresponding to an operating margin of 2.7% (-3.7%).
  • Net income was SEK 1.8 (-3.8) million for the period.
  • Earnings per share, basic and diluted, was SEK 0.00 (-0.01).
  • Total cash flow was SEK 17.3 (-38.4) million.

January – September 2019

  • Net sales amounted to SEK 352.2 (345.1) million, an increase of 2.0% year-on-year. In comparable currencies net sales decreased by -3.7%.
  • Operating earnings amounted to SEK -5.5 (-14.7) million, corresponding to an operating margin of -1.6% (-4.3%).
  • Net income was SEK -4.6 (-10.2) million for the period.
  • Earnings per share, basic and diluted, was SEK -0.01 (-0.03).
  • Total cash flow was SEK -26.9 (-67.0) million.

Significant events:

  • Positive cash flow
  • Business area reported as segments
  • Launch of new Nimbra solution

Significant events after the period:

  • Crister Fritzson appointed new CEO of Net Insight and will take on the position on April 14 2020, by latest

The full report of the third quarter 2019 can be found on netinsight.net

For further information, please contact:

Henrik Sund, CEO Net Insight AB, +46 8 685 04 00, henrik.sund@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


måndag, oktober 14, 2019

Net Insight AB appoints Crister Fritzson as CEO

Net Insight

Net Insight AB appoints Crister Fritzson as CEO

The board has appointed Crister Fritzson as CEO of Net Insight - Crister will lead the transformation and expansion of Net Insight that the company has embarked upon – Crister will assume his new position during the first half of 2020. Crister has extensive experience of managing companies within the Telecom and Broadcasting industry. Crister currently holds the positions as CEO and group CEO of SJ AB.

" I and the entire board are very pleased with having recruited Crister as the company's CEO. His experience of the industry and international cooperation as well as a shown ability to successfully lead organizations during changes will be an important asset for the company", says Gunilla Fransson, chairman of the board of Net Insight.

Crister currently holds the positions as CEO of SJ AB and head of the SJ group. He has previously held positions as the CEO and group CEO of Teracom and Boxer TV Access AB. In addition, Crister has held several senior management positions with Motorola and Allgon Systems. Crister has been a member of the board of Net Insight since 2013.

" I'm glad and proud to have the board's trust and look forward to leading the company in its next phase and international expansion together with all the innovation capability the company possess", says Crister Fritzson.

Crister Fritzson will replace the current CEO, Henrik Sund, who will leave the company during the fall.

For further information, please contact:

Gunilla Fransson, chairman of the board of Net Insight, +46 8 685 04 00, gunilla.fransson@netinsight.net

About Net Insight
Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net


fredag, oktober 11, 2019

Invitation to presentation of Net Insight's Interim report January – September 2019

Net Insight

Invitation to presentation of Net Insight's Interim report January – September 2019

Net Insight AB will publish its interim report January – September 2019, on October 29, 2019 at 8:45 am CET. Following this report a conference call with web presentation for media and the financial community will take place.

CEO Henrik Sund and CFO Pelle Bourn will present and comment on the report. After the presentation there will time for questions, both on the phone and via the web presentation.

Time for the publication of the interim report
Tuesday October 29 at 8:45 am CET.

Time for conference call and web presentation
Tuesday October 29 at 9:30 am CET.

Dial-in number(s)
SE: +46850558369 UK: +443333009265 US: +18446251570
The conference call is mainly targeted to analysts, institutional investors and media.

Web presentation
Link: https://tv.streamfabriken.com/net-insight-q3-2019

The presentation and the report will be available on netinsight.net after publication.

Welcome!

Henrik Sund
CEO

For further information, please contact:

Henrik Sund, CEO Net Insight AB, +46 8 685 04 00, henrik.sund@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/




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