Boston, MA 04/02/2014 (wallstreetpr) – Envivio Inc. (NASDAQ:ENVI) a leading provider for software based video processing and delivery solutions, has seen its stock surge in the market by highs of 19.19%. This is after the company announced it was powering premium live HD sports channels on Apple TV. The premium channels have been compressed using Envivo live encoders and protected using Envivo Halo network media processors.
Envivio continues to maintain its status as the leader in adaptive bitrate compression as well as video processing innovations. The company has already promised to enhance its solutions in providing support for a broad range of devices formats
Envivo Halo Capabilities
Halo was designed to support live or on demand adaptive bitrate TV, for Apple devices using the latest protection technologies. This is the latest addition into the video editing industry that allows video operators to securely deliver highly quality content to internet connected devices.
The Envivio Halo NMP has also been designed to provide a variety of video processing capabilities for a wide range of screen services including encryption, distribution and packaging. Halo can be installed centrally or distributed on an entire network to provide improved network capacity savings as well as increased flexibility of multi-screen operations. Halo NMPs uses existing broadcast infrastructure to deliver advanced secure video services for smartphones, tablets and connected TV’s.
Envivio Inc. (NASDAQ:ENVI) continues to make impressive strides in the industry having seen its growth profit margin surge to a high of 66.80% in the recent quarter earnings report. Its stock on the other hand has grown by 68.30% over the past year and expected to perform even better in the current year. With more than 300 content and service providers around the globe partnering with it to power their multi-screen and pay TV, the future can only be brighter for the video processing giant.
Class Action against Envivio
A class action has been filed against Envivio Inc. (NASDAQ:ENVI) by Scott+Scott attorneys, on behalf of persons and entities who had acquired the company’s securities between April 25, 2012 and September 6, 2012. The class action complaint alleges that certain Envivio’s executives failed to disclose the company’s revenue growth during the period of the offering.
