Viola Private Equity | 07 Aug 2014
RRsat Expands North and Latin American Sales Team
Additions to the sales team add depth and strength in multicultural and digital media, enabling RRsat’s global strategy to build and establish relationships within the regions. RRsat Global Communications Network Ltd. (NASDAQ: RRST), a leading provider of digital content management and global content distribution services to the broadcasting industry, announced today the expansion of its U.S. sales team with industry veterans, Rick Phelps and Dante Neyra, to strengthen its presence and capabilities within the North and Latin American markets. Bringing over 20 years of experience in sales and marketing, Phelps joins RRsat as the U.S. Director of Sales and is responsible for developing and maintaining client relationships, promoting the company’s services and overseeing the overall new business process. Phelps knowledge and know-how in playout, content management and content preparation make him an invaluable asset to RRsat. His strength in emerging digital media provides RRsat with the ability to offer a premium and tailored solution, ensuringthe highest quality of service. In his role as head of RRsat’s Commercial Services and Development for Latin America and Hispanic Markets, Neyra is responsible for managing all sales activities within the Hispanic markets in North America and Latin America. He will also oversee the business development and relationships in those regions. Neyra brings more than 15 years of international business development experience in the TV, media and entertainment industries, as well as multicultural markets across the globe. His reputation and first hand knowledge within the Hispanic market enable him to provide insight and strategic guidance to further RRsat’s growth in the emerging sector. “We are pleased to have Rick and Dante represent RRsat as we continue our expansionwithin the US and throughout the Hispanic market,” stated Ohad Har-Lev, President of RRsat America. “Their vast industry experience and professional relationships strengthen RRsat and extend benefits to our current and potential customers. We are honored to have them join our team and assist us as we strengthen our global presence.”
Viola Private Equity | 06 Aug 2014
Orad Hi-Tec Systems announces 41 percent revenue growth and good profitability in
Quarterly revenue of USD 10.2 million is new record high for the company- Net profit improved significantly to USD 0.8 million- Half-year earnings per share at USD 0.14- Full-year guidance confirmed Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol: OHT), a leading developer, marketer and distributor of state-of-the-art 3D real-time graphics, video servers and MAM solutions for the broadcasting markets, today announced a very successful business performance for the second quarter of 2014. At USD 10.2 million, Orad recorded the highest quarterly revenue in its history. This represents a year-on-year increase of 41 percent compared to the prior-year revenue of USD 7.3 million. Net profit improved significantly to USD 0.8 million after Orad incurred a loss of USD 1.3 million in the prior-year period. With an equity ratio of around 52 percent and cash and cash equivalents of around USD 7.6 million as of the end of June 2014, Orad maintains a solid financial footing for future growth. Based on this positive development, the company confirms its guidance for the full 2014 financial year, which expects revenue to grow between 22 and 26 percent to USD 39 to 40 million with a margin between 6 and 8 percent in relation to the profit from operations. In the first six months of 2014, Orad managed to boost revenue by 35 percent to USD 19.5 million after posting revenue of USD 14.4 million in the prior-year period. Net profit for the first six months of 2014 improved to USD 1.5 million compared with a loss of USD 2.2 million in 2013. Consequently, earnings per share in the first six months of 2014 were USD 0.14. The positive business performance is driven both by Orad’s traditional markets, such as Europe, and by markets in which the company has recently stepped up its sales activities, for example the USA.