24i Media realizes strong growth globally

Published March 28th, 2018

Revenue grows 70% in 2017, profitably topping $5M

Amsterdam (The Netherlands), March 15th, 2017 – 24i Media, an industry-leading Internet TV app developer for the world’s top media companies, today announced yet another year of record growth. The success in 2017 has been driven by signing up more than 20 new customers, including leading brands such as Tennis Channel, Entel, EdgeTV and RTÉ

2017 was a strong year for 24i Media, both in terms of growth in new customers and new partners, but also in staff and revenue, with a whopping 70% growth. This powerful momentum will continue in 2018, as the company is taking new strategic initiatives to bolster its technology innovation and global growth.

“The acquisition of the Siemens CVC front-end team to support the increasing demands for our services is a big success and saw its full value in 2017. The team is now fully integrated into 24i and we’re looking forward to significantly expand our team in 2018,” said Hans Disch, Chief Strategy Officer at 24i. “With the new strategic initiatives and opportunities that we’re working on, we’ll continue to combine our very strong autonomous growth with targeted acquisitions, to be better equipped than ever to take the front-seat in technology innovation in the OTT industry.”

Underscoring demand for its flexible and proven technology, Amsterdam based 24i has witnessed a 282% revenue growth over the last three years. In 2017 the company grew with about 70%. With this growth 24i also secured a spot on the prestigious Inc.5000 list of the fastest growing companies in EMEA in 2017. The list, seen as a ‘celebration of innovation’ and a distinguished ‘network of entrepreneurial leaders’, honors private companies that have achieved significant overall staff and revenue growth over a three-year period.

“Making the Inc.5000 list is a testament to 24i’s ability to innovate and introduce new solutions to a market that is constantly evolving at an unbelievable pace. I am thrilled and proud of the 24i Team which has grown in leaps and bounds in talent and has continued to provide unparalleled service to our ever-increasing number of forward-thinking clients across the globe,” said Martijn Van Horssen, 24i’s Chief Executive Officer. “We feel great about our set up for 2018 and our ability to continue delivering record-setting results and our plans and ambitions to keep surprising the industry with technology innovation.”

The company also significantly expanded its client base across both broadcasters, media companies and operators, including signing recognized corporates and brands, such as Sinclair Broadcasting Group, NPO, RTE, Entel, Globo and the Tennis Channel. 24i strengthened its position in all geographic markets, especially EMEA, North America and Latin America.

24i Media’s growth continues to be fueled by strong market demand for their proven technology framework for the development and deployment of leading Internet TV app solutions.

Meet 24i Media at NAB, booth SU9301CM

24i Media will be showcasing their feature rich set of TV applications at the NAB Show in Las Vegas, booth SU9301CM, April 9-12 and welcomes visitors to drop by their booth or book a meeting to discover how they can leverage 24i’s next generation tools and technologies to stand out from competitors and capitalize on 24i’s flexible and proven solutions.

24i acquires Vigour to accelerate innovation and growth in OTT multiscreen solutions

The companies’ combined capabilities will create greater value for customers and set the pace in a fast-evolving industry

  Amsterdam, The Netherlands, March 28, 2018: 24i Media, an industry-leading streaming applications developer for the world’s top media companies, today announced that it has acquired Vigour, a leading multiscreen video platform provider. The acquisition further enhances 24i’s leadership position globally and accelerates its innovation and growth, with its technology platform at the heart of its ambitions. Dutch video technology providers 24i and Vigour have joined forces to build a powerful, innovation driven partnership within the global market that will develop foundational multiscreen solutions to meet the evolving needs of today’s digital subscribers. With the acquisition of Vigour, 24i executes on its vision to drive innovation for video application technology, grow its international market share and build the most talented team in the industry. For Vigour, the acquisition provides an opportunity to expand the reach of its unique multiscreen vision across a much larger network, within an environment that provides the optimal operational conditions for the execution of a shared vision. “Reaching consumers regardless of the devices they use is crucial in securing their long-term business. The more devices they use, the more hours of content they will consume, and the more value they will gain from their subscription. In pursuit of these goals, the rate of innovation has accelerated considerably over the last few years,” said Martijn Van Horssen, CEO at 24i Media. “Our acquisition of Vigour strengthens our ability to lead this innovation curve and provide attractive, cutting edge applications that empower our customers to deliver immersive experiences for their subscribers across any device.” [embed]https://www.youtube.com/watch?v=54_KRdlfVd8&feature=youtu.be[/embed] 24i’s module-based technology framework allows broadcasters, operators and media companies to create and launch personalized streaming services on all screens, tailored to their needs. “Our platform is like a giant box of Lego, where customers can build their own apps with our state-of-the-art components, or they can purchase a fully completed package,” Martijn commented. “This is a tremendous step forward for 24i and our growth as a company. Bringing together our two companies ties directly to 24i’s strategy to deliver valuable outcomes to our customers and to extend our leadership in the rapidly expanding market for personalized cloud TV and video app technology. Together, our strong engineering talent, leading technology and deep video app expertise will unlock incredible innovation, choice and value for customers around the world. We warmly welcome the Vigour team and its leading technology expertise to 24i.” Martijn added. "At Vigour we have always worked from vision and content," said Ramon Duivenvoorden, CEO at Vigour Duivenvoorden. "We are enormously driven by innovation to push the boundaries in the way we deal with technology and media in our daily lives. The acquisition by 24i offers us the opportunity to pursue this shared vision together with much more power, resources and scope." The acquisition will result in a unique combination of Vigour’s innovation, design, and engineering expertise with 24i’s industry knowledge, platform and full range of solutions and technology. The combination will enable the creation of an integrated set of flexible products for creating cross-screen, personalized Internet TV applications, better positioning 24i to help companies rapidly develop OTT business models and capture new revenue streams in the high-growth and fast evolving market. Together with newly acquired Vigour, 24i will be showcasing their feature rich set of TV applications at the NAB Show in Las Vegas, booth SU9301CM, April 9-12. Visitors are welcome to drop by the booth or book a meeting to discover how they can leverage 24i’s next generation tools and technologies to stand out from competitors and capitalize on 24i’s flexible and proven solutions.
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Sep 13, 2017

Press

24i to Showcase its cutting-edge OTT Apps at IBC 2017

Amsterdam, The Netherlands, September 6th, 2017, 24i Media will showcase their turnkey OTT Apps with a wealth of features and innovations to accelerate time to market, reduce cost, simplify deployment and optimize personalization and monetization across all devices and brands, enabling operators, content owners and broadcasters to expand, scale and grow their Internet TV offerings with flexible and powerful OTT Apps. ”We’re very excited about the news and innovations we’ll share at IBC this year” said Martijn Van Horssen, CEO at 24i Media. ”With nearly a decade of experience and a proven track record in delivering flexible, personalized, cost efficient and fast-to-market OTT TV Apps for brands across the globe, 24i deliver leading-edge technologies to help our customers gain an edge in the battle that is shaping the TV industry. At IBC2017, we will demonstrate how our OTT TV app products optimize personalization, accelerate time to market, reduce cost and complexity of multiplatform delivery, and in turn simplify monetization across all devices and brands. At IBC 24i will showcase their comprehensive suite of innovative products, including: SmartOTT Backstage: 24i’s Content Management system (CMS) designed to empower content owners, broadcasters and operators to unlock the potential of premium video with a service that allows them to enrich and organize their content metadata, offers social interaction, smarter recommendations, personalization, recommendations, continued viewing and superb curated content collections- instantly responsive across devices and regions.   SmartOTT: 24i’s off-the-shelf white- label product empowering customers to remove complexity from their IPTV and OTT strategy. It’s a cohesive suite that enables customers to simplify syndication and deliver their live and on-demand TV & video content to any screen.   SmartOperator: 24i’s TV Anywhere front-end solution for TV operators. It is an off-the-shelf product that offers an innovative and uniform user experience across a range of devices.   SmartTemplate: For partners who need a standardized front-end solution at the lowest cost but with maximum quality, stability and innovation. This build- once, deploy-everywhere Internet TV app template offers your clients easy access to the OTT market space.   SmartApp: a product customized completely to 24i’s customers needs by supporting each client’s specific TV and OTT strategy, requirements, brand and technology integrations. Our in-depth knowledge and expertise with creating and deploying internet TV Apps, streaming video and interactive TV enables us to develop tailor-made solutions with cutting edge functionalities, realizing truly competitive advantages and strategic value for their customers. Learn more.   24i Media will demonstrate its technology innovations at IBC 2017, booth 14.D30, Sept. 15-19 in Amsterdam and welcomes visitors to their booth to get a wide-ranging live demo of their turnkey OTT TV app products and live demonstrations of services powered by 24i including; NPO, Fuse Media, Globo, Fox, Pathe, Nordisk Film, Videoland and many more! Further information about 24i Media and the company’s products is available at www.24i.com About 24i Media 24i is an industry-leading global internet TV app developer with award-winning technology that helps customers develop and deploy apps faster and more efficiently on all devices, screens and platforms. 24i empower broadcasters, content owners and operators with future-proof and flexible tools to create and monetize personalized TV apps, while accelerating time-to-market and reducing cost. 24i’s technology framework powers the digital experience for leading brands around the world, including RTL, Fox Sports, Viacom, Sinclair Broadcasting Group, Globo, RTE, NPO, Fuse Media and many more, delivering state-of-the-art OTT apps, designed to maximize ROI, create seamless consumer experiences and build personalized engagements across all platforms, turning viewers into fans. 24i Media is headquartered in Amsterdam, with offices in Los Angeles, Buenos Aires, Madrid, Copenhagen and Brno. For more information, please visit www.24i.com.
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Jan 08, 2015

Press

24i MEDIA SECURES FUNDING FROM NEWION

Yesterday we made the public statement that we’ve secured funding from Newion Investments. With this significant investment we will be able to maintain our present organisational growth, to expand our product innovations and to accelerate our global market strategy. Getting “smart money” on board was a clear step on our strategic roadmap and we are happy that we now secured appropriate funds whilst maintaining our entrepreneurial and innovation driven spirit. This is our press release: 24i Media secures funding from Newion Dutch TV app developer strengthens product and market development Amsterdam/Heerenveen, 7 January 2015 – Amsterdam-based TV app software company 24i Media today announced that it has secured funding from Newion Investments. The investment will be used to scale up the organization to meet the rapidly increasing market demand for TV apps and to expand into new countries. 24i Media conceives, designs, develops, deploys and maintains high-value TV apps for any screen, from smart TVs to set-top boxes, game consoles, tablets and mobiles. With AppCore, its unique and proprietary TV app technology framework, 24i simplifies and streamlines app development and maintenance for TV platforms. Martijn van Horssen, CEO of 24i Media, is delighted to welcome Newion Investments as a new shareholder: “24i Media wants to become the market leader in technology for TV front-end applications. As an experienced professional investor specializing in software, Newion Investments will enable us to achieve further national and international expansion. This is essential for us to secure and expand our leading position as an innovative TV app developer.” Van Horssen goes on to say, “It will take a considerable leap to cross the adoption chasm for TV apps and position ourselves as a dominant player in the global TV app market, but this is actually just a small step in our strategic roadmap.” Frank Claassen, a partner at Newion, said: “TV apps will disrupt the TV market. 24i Media has a sophisticated product in a large dynamic market poised for tremendous growth. We see our investment in the company as a valuable addition to our portfolio and are confident that we can add significant value to its future development. Given the current level of adoption of its technology and new market opportunities abroad, we are convinced that the company will see further substantial growth in years to come.” About 24i Media - www.24i.com 24i conceives, designs, develops, deploys and maintains TV apps for any screen, from smart TVs to set-top boxes, game consoles, tablets and mobiles. Operating from offices in Amsterdam, Barcelona, Buenos Aires and Los Angeles, a talented team of media engineers and media professionals develop solutions for international clients such as RTL, Pathé, Nubeox, FOX Sports and many others. 24i is an innovative media technology company established in 2009, when the first connected TVs were just hitting the market. Since then, 24i has grown into a thought and product leader for TV app development, partnering with TV manufacturers, broadcasters, operators and content owners. With new initiatives such as over-the-top TV services, market dynamics for TV content delivery are changing rapidly. 24i Media aims to become a dominant player in this market. About Newion Investments – www.newion-investments.com Newion has been one of the most successful investment companies in its sector since it was founded in 2000. Its portfolio includes Collibra, iWelcome, Reasult, Vector Fabrics and MaPS Systems. Newion is currently investing from its third fund with € 50 million in committed capital, and focuses on business-to-business (software) companies in the Benelux. The European Investment Fund is a cornerstone investor in the Newion II fund through the European Commission’s Competitiveness and Innovation Framework Programme (CIP). For more information please contact: Newion Investments, Frank Claassen: T +31 (0) 513 640 633 E claassen@newion-investments.com W www.newion-investments.com 24i Media, Hans Disch: T +31 (0) 6 5121 6209 E hans@24i.com W www.24i.com
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Mar 28, 2018

Press

24i acquires Vigour to accelerate innovation and growth in OTT multiscreen solutions

The companies’ combined capabilities will create greater value for customers and set the pace in a fast-evolving industry

  Amsterdam, The Netherlands, March 28, 2018: 24i Media, an industry-leading streaming applications developer for the world’s top media companies, today announced that it has acquired Vigour, a leading multiscreen video platform provider. The acquisition further enhances 24i’s leadership position globally and accelerates its innovation and growth, with its technology platform at the heart of its ambitions. Dutch video technology providers 24i and Vigour have joined forces to build a powerful, innovation driven partnership within the global market that will develop foundational multiscreen solutions to meet the evolving needs of today’s digital subscribers. With the acquisition of Vigour, 24i executes on its vision to drive innovation for video application technology, grow its international market share and build the most talented team in the industry. For Vigour, the acquisition provides an opportunity to expand the reach of its unique multiscreen vision across a much larger network, within an environment that provides the optimal operational conditions for the execution of a shared vision. “Reaching consumers regardless of the devices they use is crucial in securing their long-term business. The more devices they use, the more hours of content they will consume, and the more value they will gain from their subscription. In pursuit of these goals, the rate of innovation has accelerated considerably over the last few years,” said Martijn Van Horssen, CEO at 24i Media. “Our acquisition of Vigour strengthens our ability to lead this innovation curve and provide attractive, cutting edge applications that empower our customers to deliver immersive experiences for their subscribers across any device.” [embed]https://www.youtube.com/watch?v=54_KRdlfVd8&feature=youtu.be[/embed] 24i’s module-based technology framework allows broadcasters, operators and media companies to create and launch personalized streaming services on all screens, tailored to their needs. “Our platform is like a giant box of Lego, where customers can build their own apps with our state-of-the-art components, or they can purchase a fully completed package,” Martijn commented. “This is a tremendous step forward for 24i and our growth as a company. Bringing together our two companies ties directly to 24i’s strategy to deliver valuable outcomes to our customers and to extend our leadership in the rapidly expanding market for personalized cloud TV and video app technology. Together, our strong engineering talent, leading technology and deep video app expertise will unlock incredible innovation, choice and value for customers around the world. We warmly welcome the Vigour team and its leading technology expertise to 24i.” Martijn added. "At Vigour we have always worked from vision and content," said Ramon Duivenvoorden, CEO at Vigour Duivenvoorden. "We are enormously driven by innovation to push the boundaries in the way we deal with technology and media in our daily lives. The acquisition by 24i offers us the opportunity to pursue this shared vision together with much more power, resources and scope." The acquisition will result in a unique combination of Vigour’s innovation, design, and engineering expertise with 24i’s industry knowledge, platform and full range of solutions and technology. The combination will enable the creation of an integrated set of flexible products for creating cross-screen, personalized Internet TV applications, better positioning 24i to help companies rapidly develop OTT business models and capture new revenue streams in the high-growth and fast evolving market. Together with newly acquired Vigour, 24i will be showcasing their feature rich set of TV applications at the NAB Show in Las Vegas, booth SU9301CM, April 9-12. Visitors are welcome to drop by the booth or book a meeting to discover how they can leverage 24i’s next generation tools and technologies to stand out from competitors and capitalize on 24i’s flexible and proven solutions.
read more