Quiptel announces it has agreed terms to be acquired by Falcon Acquisitions Plc
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”.
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