As part of its strategy to strengthen its service portfolio, media industry systems architect and ICT integrator the Qvest Group has announced the acquisition of TeraVolt, a solutions provider for digital media products and consulting.
Based in Hamburg with a team of around 50 experts in product, strategy, and technology, TeraVolt specialises in developing new TV experiences and product lighthouses together with international clients and producing OTT solutions, from the initial idea to products in operational use.
The company has established itself in the field of big screen applications, connected TV and personalised live sports broadcasting offering media and entertainment firms, especially those in sports, custom development, consulting and project support, testing and operations, and metadata optimisation.
TeraVolt’s TV mobile FIRST concept is designed to provide solutions that increase viewer loyalty on different platforms. With HbbTV and CTV apps, a personalised, interactive TV experience can be created that meets the expectations of today's more demanding audience. In the area of HbbTV and CTV apps, TeraVolt customers include ZDF (development of the Mediathek) as well as RTL, Deutsche Telekom (Magenta Sport) and Vodafone.
In addition to an SaaS solution optimised for the digital-focused TV world and its numerous end devices and playout options, TeraVolt offers SmartPages, an all-in-one solution for the creation, production, and playout of interactive companion formats for TV shows.
With the combination of TeraVolt's specific expertise and production know-how, Qvest says it can now offer its customers added value that is unique in the media and broadcasting industry and beyond. Moreover, Qvest believes that the addition of an OTT practice enables it to provide customers from different industries and sectors worldwide with efficient content distribution that considers the current needs of target groups with new media formats and channels.
Commenting on the acquisition, Qvest Group CEO Peter Nöthen said: "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."
"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,” added TeraVolt CEO Tobias Künkel. “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."
The company has established itself in the field of big screen applications, connected TV and personalised live sports broadcasting offering media and entertainment firms, especially those in sports, custom development, consulting and project support, testing and operations, and metadata optimisation.
TeraVolt’s TV mobile FIRST concept is designed to provide solutions that increase viewer loyalty on different platforms. With HbbTV and CTV apps, a personalised, interactive TV experience can be created that meets the expectations of today's more demanding audience. In the area of HbbTV and CTV apps, TeraVolt customers include ZDF (development of the Mediathek) as well as RTL, Deutsche Telekom (Magenta Sport) and Vodafone.
In addition to an SaaS solution optimised for the digital-focused TV world and its numerous end devices and playout options, TeraVolt offers SmartPages, an all-in-one solution for the creation, production, and playout of interactive companion formats for TV shows.
With the combination of TeraVolt's specific expertise and production know-how, Qvest says it can now offer its customers added value that is unique in the media and broadcasting industry and beyond. Moreover, Qvest believes that the addition of an OTT practice enables it to provide customers from different industries and sectors worldwide with efficient content distribution that considers the current needs of target groups with new media formats and channels.
Commenting on the acquisition, Qvest Group CEO Peter Nöthen said: "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."
"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,” added TeraVolt CEO Tobias Künkel. “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."
