euro news_news 26/02/2015 10:22 Page 4
TT live streaming
specialist Simplestream
has secured an additional
£2m (€2.68m) in equity funding
from a consortium including
Beringea, a leading growth capital
firm with a focus on media and
technology companies, and
YOLO Leisure and
Technology, an AIM
listed investment
company. The investment
will accelerate the
expansion of Simplestream’s
video streaming platform in
the UK and internationally,
and the continued
development of TVPlayer,
Simplestream’s B2C live TV streaming
service, which is to be made available
on a white-label basis.
Simplestream provides live streaming and
live-to-VoD services, with broadcast clients
including Discovery Networks, Scripps
Networks, Box Television, QVC, At The Races
and Turner Broadcasting amongst others.
Simplestream’s cloud-based Media Manager
solution enables broadcasters to live stream
securely broadcast content to any device with
minimal latency and gain significant workflow
efficiencies through the automated creation of
O
additional high profile broadcast
companies in the first quarter of
2015.
Simplestream also owns
and operates TVPlayer, a
live TV aggregator of
more than 50 freeto-air channels,
enabling UK
consumers to watch
their favourite
channels all in one
place on desktop,
mobile and tablet.
TVPlayer is expected
to be made available
on a white-label
basis in the coming months, and is targeted at
platform operators looking to complement
existing broadcast operations with OTT
viewing.
Adam Smith, founder and CEO of
Simplestream, said that with the support of
the “value-added” investors, which gave
Simplestream significant credibility, the
company was particularly excited by its sales
pipeline, as major broadcasters increasingly
recognise the ability to access a younger
demographic of audience through
Simplestream’s live streaming and automated
catch-up capabilities.
Simplestream £2m funding
for global roll-out
multi-bitrate, multi-platform video files from
the live stream. The generation of long-form
‘catchup’ programming, with or without adbreaks, and the creation of short-form video
clips are supported via a single system.
The additional funding enables the
company to support the needs of much larger
media companies and follows recent
announcements that leading entertainment
channels such as Food Network, DMAX and
TruTV have deployed Simplestream’s Media
Manager as part of their Over-the-Top
strategy. The company is expected to
announce multi-year contracts with several