Qvest Group acquires OTT sports tech company TeraVolt

The Qvest Group has bought fellow German firm TeraVolt, the OTT developer and consultant that specialises in personalised live sports experiences for connected devices.

The addition will enable Qvest to provide its customers from different industries and sectors worldwide with holistic and even more time-efficient content distribution, the company said.

TeraVolt’s customers include ARD and ZDF, ProSiebenSat.1, Sky, Deutsche Fußball Liga and Red Bull Media House.

Peter Nöthen, CEO of the Qvest Group said: “In recent years, the TeraVolt team has established itself as specialist 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.”

Tobias Künkel, CEO of TeraVolt added: “Our expertise perfectly complements the extensive competencies of the Qvest Group. 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.”

TeraVolt enables specific solutions for TV, streaming platforms and content providers. Its “TV mobile FIRST” concept additionally provides various solutions that – based on social media benchmarks – increase viewer loyalty on different platforms.

In the area of HbbTV and CTV apps, TeraVolt is also a long-standing partner of broadcasters and digital platforms such as ZDF (development of the Mediathek) as well as RTL, Deutsche Telekom (Magenta Sport) and Vodafone. With HbbTV and CTV apps, a personalised, interactive TV experience can be created that meets the expectations of today’s more demanding audience.

TVXRAY adds a standalone product to Qvest’s portfolio that can be established with customers through the group’s global sales organisation. The multiple award-winning SaaS solution is fully optimised for the digital-focused TV world and its numerous end devices and playout options. Furthermore, TeraVolt offers SmartPages, an all-in-one solution for the creation, production, and playout of interactive companion formats for TV shows.

The management team will consist of Tobias Künkel (CEO), Oliver Koch (CCO), Tobias Fröhlich (CPO) and Volker Harbs (CTO) and will be expanded globally together with the Qvest management.