Qvest Group acquires OTT specialist TeraVolt

The broadcast and media infrastructure provider, Qvest Group has annouaced it has bought Hamburg-based OTT specialist TeraVolt for an disclosed sum. 

TeraVolt delivers customers from the media and entertainment as well as the sports sector, applications in the segments of custom development, consulting and project support, testing and operations, and metadata optimisation.

The tech outfit enables specific solutions for TV, streaming platforms and content providers. Its ‘TV mobile First’ concept provides various solutions that – based on social media benchmarks – increase viewer loyalty on different platforms. TeraVolt has long-standing partnership with broadcasters and digital platforms, such as ZDF, RTL, Deutsche Telekom (Magenta Sport) and Vodafone.

TeraVolt’s Tvxray adds a standalone product to Qvest’s portfolio that the company said can be established with customers through the group’s global sales organisation. The SaaS solution is fully optimised for the digital-focused TV world and its numerous end devices and playout options. TeraVolt also offers SmartPages, an all-in-one solution for the creation, production, and playout of interactive companion formats for TV shows.

Tobias Künkel, CEO of TeraVolt said: “We are proud that TeraVolt has developed into a leading OTT solution provider for the TV industry. Our expertise perfectly complements the extensive competencies of the Qvest Group. As an integral part of Qvest, we are now jointly able to provide even more comprehensive support to customers worldwide to make the most of the remarkable opportunities of digital transformation.”

Peter Nöthen, CEO of the Qvest Group added: “In recent years, the TeraVolt team has established itself as specialists for OTT and has made a lasting impression on numerous customers from the sports as well as media and entertainment sector with products such as TVXRAY. This range of services and the key expertise in OTT mean a targeted reinforcement for our portfolio and make TeraVolt the ‘perfect fit’ for Qvest.”

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