Television coverage of big news events used to involve splicing and sticking together vast reels of videotape by hand.

Now, with the help of companies like Internet Pro Video, this job is done digitally. The company was spun out of Olivetti’s UK Research Laboratory in 1996 by Alan Chaney, an electrical engineer, and Andy Hopper, professor of communications engineering at the University of Cambridge.

With a sales office in Los Angeles, the Cambridge company has some of the world’s leading news organisations among its customers, including ITN, CNN and ABC News. Although not yet profitable, Internet Pro Video has boosted its sales 124% a year, from £341,000 in 1998 to £1.7m in 2000.

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Company details
Year2001
Rank23
CompanyInternet Pro Video
ActivityVideo-editing software developer
LocationCambridge
Average 3 year sales growth124.40%
Latest sales £000s1,715
Staff25
Founded1996
Websitewww.telemedia.co.uk

If applicable:

* supplied by company † annualised figure