Xytech Blog

Solid Reports Put Xytech into Dominant Position in Market

Xytech, the global leader in facility management software for the broadcast and media services industries, has announced its end of year results.  The categorically positive report indicates solid growth and market penetration, and also marked the third consecutive instance of year over year increased profitability.   2011 proved to be an historic year for the Los Angeles based company, which finished its best period ever for profit, growth, and the posting of record sales.  Independently owned and operated, Xytech exceeded its projected forecast, with a 23% jump over 2010.

The past year was one of expansion and market domination for Xytech, winning significant business from competitors in the US, Europe, and Australia.  Broadcasters, major studios, production companies, religious organizations, government entities, video transmission giants, and distribution companies all deployed Xytech solutions in 2011.  Xytech’s current bid to sales ratio is nearly 90%, a rare statistic of success.

Richard Gallagher, CEO and Founder of Xytech, stated, “Early in 2011, we had a clear indication that the upward growth that began in 2010 was going to continue and accelerate. During the past 18 months, we enlarged our staff and implemented successful new solutions for a wide array of customers, from major cable networks and studios to global religious organizations.  Concurrently, our operations in Europe have expanded significantly, with the addition of key personnel appointments, marking 2011 as the year that we have seen the global market fully come on line. In 2012, we expect continued significant growth in all of our business sectors and we are forecasting another record year. I am proud to note that this significant market penetration is the result of the hard work, ingenuity, and dedication of the best team in the industry.”

Xytech’s product line, anchored by the ground-breaking MediaPulse platform, is widely respected and deployed throughout the media and entertainment industries. The company has also had significant deployment in the enterprise and governmental environments.  The secret to their success is the Xytech company culture of constant listening and improvement, says Greg Dolan, Xytech Executive Vice President.  “There is an absolute focus on putting the very best products and solutions into place for our customers.  We ask them questions and listen to what they say and use that information to continually improve what they receive from us.  It is what makes us different, and why we are leading the market.  We never stop the evolution of our products and or the invention of new solutions.  That is the crucial Xytech difference.   We won’t ever stop getting better.”