Swedish IP set-top box manufacturer, Tilgin (note: the company was formerly known as i3 micro technology), says that it has been recognized as Sweden’s fastest-growing IT company in business magazine Veckans Affärer’s annual ranking of such companies. The company grew by over 300% in 2005 and generated a turnover of 208 million Swedish Kroners. It says that its revenue growth for the first quarter of this year was up 402% from the year-ago quarter, and that it delivered around 75,000 units of customer premises equipment during that period: product deliveries were split evenly between IPTV set-top boxes and residential gateways. Veckans Affärer’s recognition of Tilgin’s growth rate comes at an opportune time for the company: It is planning to list on the Stockholm Stock Exchange later this year, in order, it says, to secure funding for continued development of products and services and for further international expansion.
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