Paywizard says it’s secured new investment that will be used to fund further international expansion.
No details have been given of the amounts concerned or which of the company’s shareholders have contributed. Shareholders include Chasophie Limited, Lord Weinstock Will Trust and RIT Capital Partners.
Paywizard is planning new subscription and pay-per-view solutions.
The company won two Best of Show Awards at IBC 2017 that recognised its approach to Customer Relationship Management.
Bhavesh Vaghela, Paywizard’s Chief Executive, says: “We’re constantly innovating and showing great results for our efforts, and this funding will support initiatives driving further innovation and international growth. We’re not only winning accolades but getting traction with key broadcast players around the world, as evidenced by our recent business wins – all while forging new partnerships that extend our reach and capabilities.”
A number of new clients were added in the run up to IBC, including NHK Cosmomedia Europe, an affiliate company of Japanese national broadcaster NHK; ABS-CBN, the Philippines’ leading media and entertainment organization; and ITV Box Office, the live events PPV arm of UK commercial broadcaster ITV.
