Published January 8th, 2015
Investment will be used to strengthen product and market development
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
24i Media, Hans Disch:
T +31 (0) 6 5121 6209
May 12, 2015
Apr 01, 2019
Amsterdam (The Netherlands), March 21st, 2019 - 24i Media, an industry-leading, global video app developer, today announced that they will launch its innovative ATSC 3.0 solution for broadcasters and Pay-TV service providers at the 2019 NAB show in Vegas.
24i’s ATSC 3.0 solution is designed to greatly enhance over-the-air services for viewers while bringing together broadcast and broadband functionality to give audiences more content and choice. It will deliver a better experience for viewers, and also allow broadcasters to utilize addressable advertising and better measure who is watching which programs. The solution is compatible with any ATSC device, therefore allowing rapid integration on the preferred device.
“We are super excited to announce the launch of our innovative ATSC 3.0 solution at NAB,” said Martijn van Horssen, CEO at 24i Media. “Apart from providing our customers with cutting-edge ATSC 3.0 technology, our solution makes it possible for advertisers to get better targeted ads based on several parameters such as channel, genre, and location. Empowering broadcasters to start serving personalized advertising and thus create new revenue streams from advertisers.”
With full support for hybrid TV viewing, 24i’s innovative ATSC 3.0 solution enables interactive solutions and viewing of streaming video content on a range of devices such as Smart TVs, set-top-boxes (STBs), Internet or Hybrid, with low latency (CMAF DASH).
“ATSC 3.0 will be able to bring together OTT and live linear programming in a way not possible before,” said Rehor Vykoupil, CBDO at 24i Media. “With our many years of UI & UX experience from designing interactive HbbTV Apps which is part of the ATSC standard, we are well-equipped to address the challenges faced by our customers, and accelerate their time-to-market for product development and deployment.”
At 24i’s booth at NAB, #SU9610, 24i will provide visitors with an interactive demo of their newly launched ATSC 3.0 solution and addressable tv. 24i has also added another potential monetization revenue stream for broadcasters, the ATSC 3.0 TV Games Portal, allowing customers to extend their solution with a TV game portal with pre- integrated monetization tools. This too will be demonstrated at the 24i booth at NAB.
Aug 28, 2017