Quiptel Hong Kong Limited, the video streaming technology company, is pleased to announce it has agreed terms to be acquired by Falcon Acquisitions Plc (LSE: FAL), the LSE listed investment company which is strategically focused on the over-the-top (“OTT”) market.
Sandip Sarda, Chief Executive Officer of Quiptel HK Ltd, said: “We are delighted to have agreed terms with Falcon Acquisitions at this exciting stage in our growth; the global OTT market has exploded in recent years, and we find that our vision and experience strongly resonates with the strategic objectives of Falcon. We now look forward to working with Gert Rieder and his team to build a truly innovative global OTT broadcast platform business.”
Gert Rieder, Falcon’s Executive Chairman, said: “Securing a foundation investment that enables us to build a scalable business in the rapidly growing OTT market has remained our primary focus. With its dynamic video streamlining technology and foothold in the Asian OTT market, we are delighted to be acquiring Quiptel, which has demonstrated its potential to generate considerable value in a market that is transforming the way we access media content. In due course we intend to re-apply for admission to the Official List and the Main Market of the London Stock Exchange”.
Established in 2008 in Hong Kong, Quiptel has invested significantly in research and development with successful deployments around the world. Quiptel has also achieved multiple patents for its advanced intelligent Adaptive Transfer Rate™ (ATR™) technology and is now a leader of the dynamic and fast growing OTT streaming sector.
You can learn more about Quiptel’s technology by visiting the website: http://www.quiptel.com/our-technology/.
For more information, visit www.quiptel.com or any enquiries to Geof Todd:
M: +44 (0)7975 995250