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Ittiam Systems Revenue Crosses $20Million Mark

Ittiam Systems, a company that works on the Intellectual Property (IP) Licensing Business Mode, today announced that its annual revenue crossed the US$20 million mark for the fiscal year ending March 2012. Of this total income, royalty income contributed to more than 35%.

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Ittiam Systems

Ittiam Systems started out in 2011 and has been a leading supplier of media processing and communication technologies for a wide range of applications including Smart Phones, Tablets, Video Communication & Networking Systems, Media Broadcast Systems and Wi-Fi Communication.

The company has played a pioneering role in India to have successfully deployed the IP Licensing model. Ittiam’s “revenue per employee productivity” has crossed well over US$100K, which is twice the typical productivity in the Indian IT industry. For the fiscal year 2011-12, the number of customers’ products embedding Ittiam IP reached an impressive annual run rate of 25 million units.

Ittiam received its first venture capital investment of $5 million in 2001 from Bangalore, India based Global Technology Ventures (GTV) which has a successful track record of investment in Indian technology companies. The company also happens to be the leading Indian IT company in terms of the number of patents granted.

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