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Last kr279.00 SEK
Change Today +2.00 / 0.72%
Volume 4.3K
VITB On Other Exchanges
As of 11:29 AM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

vitec software group ab-b sh (VITB) Snapshot

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52 Week High
08/17/15 - kr320.00
52 Week Low
10/13/14 - kr120.50
Market Cap
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vitec software group ab-b sh (VITB) Details

Vitec Software Group AB, a software company, provides industry-specific business systems in the Nordic countries. It offers software solutions, and consulting and support services. The company provides software products for real estate companies, real estate agents, and newspaper companies; ERP products for banks, insurance companies, estate agents, newspaper companies, and retail businesses, as well as automotive sector; electronic medical record systems for health sector; forecasting, simulation, and geographical information systems for energy businesses; and mortgage and pension calculations for banks and insurance companies. The company was founded in 1985 and is based in Umeå, Sweden.

470 Employees
Last Reported Date: 07/13/15
Founded in 1985

vitec software group ab-b sh (VITB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: kr2.0M
Compensation as of Fiscal Year 2014.

vitec software group ab-b sh (VITB) Key Developments

VITEC Debuts Enhanced Version of MGW Prism IPTV Transcoder with HEVC Support

VITEC announced a new version of its Broadcast-Grade IPTV Transcoding platform MGW Prism. The enhanced platform adds real-time HEVC (H.265) transcoding delivering exceptional video quality in half the data rates required with legacy MPEG-4 H.264 and a revamped management interface with clustering support. MGW Prism packs all the features needed for taking any video stream and transcoding it to H.264 or HEVC HD/SD streams for delivery to CDNs, remote locations or to other IPTV viewers using less bandwidth. Advanced features include generation of up to 16 profiles per video source and a combiner for generating Adaptive-Bitrate (ABR) streams using containers such as Apple's HLS, Adobe's HDS and MPEG-DASH without the need to offload to external servers. The platform also offers KLV 0601 /STANAG 4609 metadata pass-through enables Military units and Satellite companies to ingest IP streams from airborne vehicles and relay with lower bit rate using H.265 or H.264 while retaining critical metadata on the output stream.

VITEC Introduces First Portable HEVC Encode/Decode Solution to European Market at IBC2015

VITEC announced the European debut of its portable, end-to-end HEVC encoding/decoding solution. Comprised of VITEC’s MGW Ace — the world's first portable HEVC (H.265) hardware encoder — and MGW D265 portable HEVC IP decoder, with built-in ProMPEG FEC and Zixi Error Correction technologies, the solution enables the delivery of secure, error-free video on dedicated and public networks while dramatically reducing bandwidth requirements compared to legacy H.264 systems. The MGW Ace boasts a real-time H.265 4:2:0 and 4:2:2 hardware compression chip for streaming broadcast-quality video up 1080p. Input interfaces include 3G, HD/SD-SDI, HDMI, DVI and Composite. The unit is also the first HEVC hardware encoder to feature intelligence, surveillance and reconnaissance (ISR) metadata processing with KLV and STANAG support conforming to MISB and NATO requirements. A secondary MPEG-4 H.264 chip provides support for legacy decoders and proxy streaming. The included Pro-MPEG and Zixi technologies offer one-way and two-way Error Correction protocols for broadcasting artifacts-free over public networks securely and reliably. Complementing the MGW Ace is the MGW D265, a high-performance IP decoding appliance with a compact footprint, best-in-class connectivity options, and low delay processing. MGW D265 uses advanced hardware to deliver a real-time, broadcast-quality picture with the high quality of service and resilience required in complex IPTV and full-motion-video environments. MGW D265 offers all typical video output interfaces, including HD-SDI, SD-SDI, HDMI. With integrated Zixi receiver technology it is the ideal decoding mate for MGW Ace encoder. VITEC’s turn-key HEVC solution delivers bandwidth-efficient H.265 streams for broadcasters, corporate IT, military units and government agencies to reduce operating expenses (OPEX) and extend the reach of video services to remote destinations with bandwidth constraints. VITEC will demonstrate the MGW Ace and MGW D265 at IBC2015 on stand 7.G16. More information on VITEC’s full line of products is available at

HusmanHagberg Chooses Vitec Express

Vitec has signed a three-year contract with the HusmanHagberg real estate broker chain to provide the cloud-based real estate broker system Vitec Express. HusmanHagberg has been evaluating the system in operation since spring 2015 and has found that the system meets the demands that the chain makes of a modern business support system.


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Price/Earnings 26.3x
Price/Sales 2.6x
Price/Book 6.8x
Price/Cash Flow 11.3x
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