On2 Technologies (AMEX:ONT) – Moving with Industry Trends
On2 Technologies (AMEX: ONT) announced revenue growth for the seventh consecutive quarter; the video compression software and solutions provider reported $2.8 million in first-quarter revenue, a 131 percent increase over the first quarter last year. On2 works through companies such as VideoEgg and Brightcove, which target consumers directly, by providing encoding tools for user generated content. Bill Joll took over as On2 CEO last year, and has guided the company through a change in business strategy that contributes to the company’s continual growth. “The business model is built on a recurring foundation; our success is tied to our customers' success,”…