France-based technology company Netgem has said it will significantly increase its research and development efforts to extend its range of products in the access and multiscreen content distribution arena.
In France, the company will increase its investments in in connected TV and related services, which it believes offers solid prospects for growth. The company has also set a target of doubling its international revenue between 2011 and 2014.
Netgem has also announced a reorganisation of its senior management.
Christophe Aulnette will now become president of Netgem International, continuing to guide the international development of the group, while Joseph Haddad will take over as CEO.
Aulnette has been named as a director on Netgem’s board, succeeding Charles Berdugo, who has resigned for personal reasons.
Netgem posted revenues of EUR22.9 million for the fourth quarter of 2012, down 9% on the same period last year. While domestic French revenues fell by 41% to EUR5.4 million, international revenues grew by 9% to EUR17.5 million.