MULTI-MILLION dollar international contract wins, the appointment of senior staff and company acquisitions are just the first major announcements local video streaming company PIVoD plans to make this year.
MULTI-MILLION dollar international contract wins, the appointment of senior staff and company acquisitions are just the first major announcements local video streaming company PIVoD plans to make this year.
The company has just fitted out 200 square metres of extra office space at its Nedlands premises, is looking to move recently acquired Pretzel Logic into office space next door and is in discussions to lease the top floor of its Stirling Highway office building.
PIVoD founder and executive chairman Phillip Jenkins said the company intended to make another company acquisition this year and needed some growing room.
“In four years we’ve gone from two staff to 45. We are more than doubling in size every year and this year was our first commercially successful year,” he said.
With the company ranked 14 in the recent Deloitte Technology Fast 50 and with some significant project work and tenders in the pipeline, Mr Jenkins has set his sights firmly on a top 10 listing next year.
“It’s now changing from reactive sales to proactive sales,” he said.
All Seasons Hotels founder and former managing director David Price joined the company as its new managing director a fortnight ago to allow Mr Jenkins to move into an executive chairman role.
“I will look for future opportunities for the company. There is just too much happening here,” Mr Jenkins said.
Mr Price was a founding director of HarvestRoad Limited, is a non-executive chairman of Empired Limited, and has been the chairman of Deloitte Technology Fast 50 favourite pieNETWORKS (which has been listed three years running).
PIVoD is in the process of bidding for more international and interstate work and is in discussions with a major broadband supplier to release what Mr Jenkins calls “a very exciting” project to the Perth market.
And while tight-lipped about forthcoming business deals, Mr Jenkins is jovial about the synergies of its recently acquired web development firm Pretzel Logic.
“It fits us very nicely. Every one of our projects has a web interface and they are the best quality web company in town so it is a nice adjunct to what we do,” he said.
“But they now have the backing of very experienced engineers. They have a big engine room which gives them a very good foundation to work from.
“We will put in some management practice as it is now a wholly-owned subsidiary.”
The Pretzel Logic acquisition will not be the last one this year, according to Mr Jenkins, who is in purchasing discussions with another company.
“Pretzel was a perfect fit but it was a peripheral fit. I have another company that I am interested in,” he said.
Mr Jenkins said media platforms that included everything from encoding to ingesting to delivery over local area networks was what the company had come to specialise in.
“We don’t think people realise how big the growth in this area is and we want to own this space in Australia.”
