NAGRA

Kudelski SA operates a B2B technology model built around content security and video delivery platforms for pay-TV and streaming operators. It creates value by providing conditional access, digital rights management, forensic watermarking, player SDKs and end-to-end video service platforms that allow operators and rights-holders to deliver and protect premium content across devices. Offerings are delivered as a mix of on-premise enterprise software, cloud-hosted security services and fully managed platforms. Revenue is driven by long-term contracts with operators, combining software licences, recurring usage- or subscriber-based fees and professional services for integration, customisation and support. Additional value is created by listing certain services on cloud marketplaces to simplify procurement and deployment for operator engineering teams.

Kudelski SA is a Swiss technology group focused on content protection and video delivery infrastructure for pay-TV, OTT streaming providers and broadcasters. Through its Nagravision and related businesses, it provides conditional access systems, multi-DRM, forensic watermarking and video platform middleware that underpin subscription and premium streaming services rather than consumer-facing applications.

The company generates revenue primarily from enterprise software licensing, SaaS subscriptions for cloud-hosted DRM and streaming security, recurring per-subscriber or per-licence fees, and associated professional and integration services. Its customers are pay-TV operators, telecom and cable providers, broadcasters, rights-holders and streaming platforms that need secure distribution, management and monetisation of premium video content.