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Mirada Plc boss hails successful large-scale rollout of Iris platform

Thursday, November 24, 2016 3:33
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Digital TV services specialist Mirada Plc (LON:MIRA) is enjoying improved cash flow after successfully rolling out its Iris Inspire platform on Televisa Group’s Izzi network.

In its half-year results, the group revealed turnover rose to £2.78mln in the six months to the end of September from £2.26mln the year before, with the Americas accounting for three-quarters of revenues, in line with expectations.

On just why the period was so significant chief executive Jose Luis Vazquez tells Proactive: ”We were able to launch to Televisa’s five cable networks  without any technical glitches, it’s going really well and the performance of the video-on-demand solution is going extremely well”.

”We announced a few weeks ago our milestone of 500,000 set-top boxes .. and we’ve made an update today that we are now at 525,000 so it’s growing … but it’s still far away from where we’re going to reach”.

The group now has sales and marketing representation in India, Southeast Asia and Eastern Europe as well as the Americas, and around half of the business in the company’s pipeline is outside of Mirada’s traditional Americas heartland.

Story by ProactiveInvestors


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