Faultline saw the writing on the wall in the previous quarter when reporting that Ateme was exhibiting early signs of initiating internal and external cost saving measures. With full-year 2023 revenues filed this week, we have affirmation that the French video processing specialist has joined the lengthy conga of media and technology organizations undergoing a strategic reprogramming towards trimming low-hanging fruit. For Ateme, much of that low-hanging fruit is native to Asia Pacific, where revenues contracted by 16% for the full-year 2023, to €12.9 million ($13.9 million). Low ARPUs and slow adoption of Ateme’s premium line of video compression technologies across the Asia Pacific region is hindering growth, and – as a result – the vendor is clearly willing to…