Nevion, award-winning provider of virtualized media production solutions, has announced that 2019 was a record year for the company with sales orders up 52% compared to the previous year.
In addition to this, software and services now represent almost half (48%) of Nevion’s sales. This is a significant increase from 2014 when software and services represented just 16% of the company’s sales – underlining the move from dedicated hardware to software-defined IP solutions. This shift is further illustrated by the fact that two-thirds of the hardware being sold by Nevion is now IP equipment.
In 2019, Nevion provided workflow-transforming solutions, products and services to over 150 customers in around 50 countries. One of the ground-breaking projects delivered was for the organization behind the League of Legends (LoL) esports tournament, Riot Games who used Nevion’s software-defined media node Virtuoso with JPEG XS for part of its remote production of the LoL World Championship Final.
One other highlight of 2019 for Nevion was signing a strategic partnership with Sony Imaging Products & Solutions Inc. (“Sony”), in the area of IP-based solutions for broadcasters and other industries. As part of the deal, Sony acquired a minority stake in the company through a share purchase agreement making it a leading investor in Nevion.
As a leader in its field, Nevion also spearheaded the VIRTUOSA consortium which received a €2 million grant from the European Commission in 2019 to explore 5G and virtualization remote production.