M7 Group has acquired the Dutch Stream Group and formed a new partnership that will deliver new video platform services.
Stream Group is delivering enhanced video services in Europe and Asia through its Solocoo platform. Following the acquisition of Stream Group by CDS Group, M7 and Stream Group will accelerate growth initiatives and enhanced service delivery to M7 customers in its five countries of operation and increase Stream Group’s presence in other markets. Terms of the transaction were not disclosed.
Pieter Heyn, CEO of Stream Group, said: “ Since its inception in 2004 Stream Group has always shown growth and innovation in delivering next generation of content distribution to customers such as Multiscreen and OTT. With usage of this new category of services accelerating, we are well positioned for further growth. M7 is very excited about the possibilities this will bring to its customer base as well as supporting Stream Group’s growth in other territories”.
Jon Florsheim, CEO of M7 Group commented: “Stream Group and its Solocoo platform will be instrumental in providing more and better services to our customers in the Benelux, Austria, Czech and Slovak markets. Our viewers are looking for more content, always on, and want to be able to enjoy this content anywhere and anytime. We will be able to deliver enhanced interactive services like catch-up and replay TV, Multiscreen, OTT and VOD.
We have chosen Stream Group as our partner because they have operated at the forefront of IPTV and streaming video for almost ten years and understand the evolving viewing habits of our customer base. M7 and Stream Group share a focus on delivering the highest quality viewing experience. In addition to M7’s wealth of channels and full HD TV, these new services will significantly add to the satisfaction of our customers.”
“Additionally, this strategic partnership will support Stream Group in rolling out their services to other operators around the world. Together we are well positioned to play an important role in bringing exciting content services to customers around the world. ”
Stream Group will continue to be led by CEO Pieter Heyn and COO Leon Thoolen.
