The developer of cloud-based video platform FORscene has set its sights on the offline editing process as it looks to build on last year’s 25% increase in sales.
Wimbledon-based Forbidden Technologies grew its revenues to £466,674 over the 12 months to December last year and chief executive Stephen Streater said he “wouldn’t be surprised” to see double-digit growth again this year.
He highlighted the offline editing process as a key area for growth.
“People first used FORscene for review, then for logging, and now it is being used for rough cuts. We’re just following the natural flow of technology and the premise that people don’t want big, expensive rooms in Soho,” said Streater.
“When footage has already been ingested in FORscene and stored in the cloud, there is no need to complete the offline at a facilities house – it makes sense to do it in the cloud.”
Streater said Forbidden wanted to add dissolves, colour correction and titles to the AAF files.
“We support these features in FORscene but don’t yet export them. We’ll co-ordinate with a facility house that wants to move the offline and start with an appro- priate programme.”
Forbidden’s turnover benefited from sales to overseas clients, with revenues of £214,000 in the UK and £252,000 in North America.
“Overseas sales are growing faster than the UK,” said Streater.
“In the UK, creatives are still making decisions, whereas in North America, it is a much more competitive environment and there is a greater awareness of technology.”
Forbidden’s net losses for the year were £186,218 – a rise of 44% on the previous year – which it attributed in part to increasing investment in research and development.