3Q acquires nexx.tv
Effective February 1, 2020, 3Q GmbH will take over the business operations of nexx.tv GmbH and integrate them into its newly founded subsidiary 3Q nexx GmbH while retaining most of the workforce.
nexx.tv GmbH was founded in 2011. nexx.tv offers an intelligent, fully comprehensive cloud-based Online Video Platform (OVP) for content management, video distribution, analytics and multiscreen front-end distribution.
With nexx.tv, 3Q has acquired a long-standing customer and partner. The two companies had already cooperated in different constellations before the transaction. For example, nexx.tv had repeatedly handled special customer projects via 3Q’s streaming platform since 2011.
„For nexx.TV, the acquisition by 3Q is an important milestone. It represents a consistent step for our customers, employees and technologies into a strong, successful future.“ Dennis Beste, founder of nexx.tv GmbH
The acquisition of nexx.tv and its customer portfolio increases 3Q’s market coverage. In addition, the technology acquisition provides an optimal complement to the existing product portfolio.
„We are very pleased to continue and expand the nexx.tv platform and its core staff under the 3Q umbrella as of February 1, 2020,“ said Julius Thomas, CEO of 3Q GmbH.