French IPTV technology company Netgem more than tripled its international revenue to €12 million in the first quarter, compared to €3.6 million in the year-earlier period. The company reported €25.7 million of consolidated revenue. This compares to €43.3 million in the first quarter of 2010, when it banked a large one-off middleware licence payment it won from SFR in July 2009.

Netgem signed four operators since the start of the year, Swiss cable TV group Netplus, Croatian operator H1 Telekom and two unnamed clients, one Latin American and the other European.

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