Despite the global economic downturn, Tandberg, the video conferencing and telepresence provider, has increased revenue 20% to $270-million and operating profit by 14% to $60-million for the fourth quarter to December 2009.

For the full 2009 calendar year, revenue totaled $902,6-million in 2009 compared with $808,8-million in 2008, a 12% growth. Operating profit was $193,8-million for 2009 and 176,7-million for 2008.
The company has cash reserves of $306,6-million, no debt and an equity value of 64%. Management says there is no disruption to the organisation or the partner base from the pending Cisco transaction.
“One of the highlights for the quarter is that Tandberg is the first company to demonstrate immersive three-screen telepresence interoperability with Cisco Telepresence as well as high-definition interoperability with Microsoft Office Communicator R2,” says Bryan Thompson, Tandberg regional manager: sub Sahara and South Africa.
Fredrik Halvorsen, CEO of Tandberg, comments: "Consistent execution in the field and year-end spending drove results for the fourth quarter.  Importantly, the company's continued investments in its employees, partners and product portfolio have positioned Tandberg to drive market expansion.”
Throughout 2009, Tandberg continued to hire and train employees, and supported the growth of its partners through channel-specific training programs and by providing access to 29 state-of-the-art demonstration centres.
“Investments in total solution selling, along with JITC certification of industry-leading network products, resulted in strong network growth for the year.  In addition, continuing its commitment to open standards and interoperability, Tandberg demonstrated high-definition interoperability between standards-based video and telepresence systems and Microsoft Office Communicator R2.”
“In 2009, Tandberg and its partners continued to outgrow the rest of the industry with no disruption from the pending Cisco transaction. Tandberg employees are looking forward to joining the Cisco organisation, bringing greater innovation to the market and accelerating the adoption of video and telepresence. The transaction is expected to close in the first half of calendar 2010," says Halvorsen.