Qvest Media Gains a New Majority Shareholder with the RAG-Stiftung posted: 05/09/2016
The systems architect continues to expand internationally
The Qvest Media Group has a new majority shareholder. With its planned closing at the end of September 2016, the RAG-Stiftung (RAG Foundation) will be acquiring a majority of the shares in Qvest Media from the company's founders, Gunnar Wellen and Peter N then, through its investment company RAG-Stiftung Beteiligungsgesellschaft mbH. The shareholdings include all subsidiary companies of the Qvest Media Group in Germany, the United Arab Emirates and Singapore. The transaction is subject to approval by the antitrust authorities. The management of Qvest Media is planning to build further upon their successful international growth path as a result of the new partnership and open up new business areas and markets.
With Qvest Media, the RAG-Stiftung is investing in a leading systems house for media and information technology through its subsidiary company. Digital networking is one of today's social mega-trends and is reflected, among other things, in the rapid rise of web applications and new media, says Dr Helmut Linssen, Financial Director of the RAG-Stiftung. Investing in promising sectors for the future is a part of our long-term portfolio strategy. With Qvest Media, we are taking another important step forward and are delighted to be investing in a global business that, like us, has its local base in North Rhine-Westphalia, Linssen explains.
As a leading systems architect for consultancy regarding technical and operational media business processes as well as for the design, development and construction of media technology infrastructures, Qvest Media is currently involved in more than 60 technological projects worldwide. As part of these, the company implements audio, video and IT-supported production and distribution systems for public service and privately-owned TV, news and media networks, telecommunications providers, sports organisations and content platform operators. Although its services and operations divisions are already highly regarded, the company still sees significant room for potential growth.
Digital networking already pervades large parts of our lives today. Consumers expect to be able to access online media content such as images, videos, games and information anywhere, at any time and from multiple sources. The increasingly important interplay between new technologies, systems and providers requires an expierenced partner like Qvest Media. Important issues that are a particular focus for our customers include video-on-demand and over-the-top services, which large providers such as Amazon, Apple and Netflix are already offering successfully. Furthermore, we continue to be heavily involved with artificial intelligence for media analysis and media data management, as well as the digital utilisation, distribution and commercialisation of content, says Peter N then, CEO of Qvest Media. With the RAG-Stiftung by our side, we will further develop these new business areas and actively address new markets, N then explains.
The company will continue to be managed by Peter N then as CEO of the Qvest Media Group. Gunnar Wellen will be leaving the management board and will continue to serve the company as an advisor.
About the RAG-Stiftung (RAG Foundation)
The private-law RAG-Stiftung was founded in 2007. Its task is to establish sufficient assets by the end of 2018 to be able to finance the long-term liabilities of the German coal-mining sector in the Ruhr and Saar regions from 2019.
About Qvest Media
Qvest Media is a world leading systems architect in the fields of broadcasting and media technology, specialising in the television, media and telecommunications industries. The company has locations in Cologne, Berlin, Munich, Dubai and Singapore with a team of over 180 employees. With a powerful spectrum of services consisting of consulting & development, systems integration and service & support, Qvest Media offers 360 expertise in the design, development, implementation and operational support of media technology infrastructures. With its business unit professional products, Qvest Media has specialised in the selection and distribution of AV and broadcasting IT products. Its partner network in this field includes the most innovative and important hardware and software manufacturers. Qvest Media is also one of the biggest suppliers of dry-hire equipment and systems solutions for live broadcasting of events, sports and entertainment. Today, Qvest's customer base includes eminent international broadcasters, telco providers and media networks such as ARD and ZDF, Sky, RTL, Al Arab, SRG, Al Jazeera, MediaCorp, beIN SPORTS, Dubai Media Incorporated, SES ASTRA, Deutsche Telekom, Etisalat, Turner Broadcasting, etc.
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
05/05/2024
A special evening performance by multiplatinum singer Becky G will provide a memorable conclusion to TeievisaUnivision's Casa Cultura upfront event on May 1...
05/05/2024
Giant media buyer Publicis is telling network sales executives that it does not think Nielsen's new panel-plus-big-data currency is ready for this upfront....
05/05/2024
WASHINGTON Glenn Kirschner, legal analyst at NBC News, blasted the media for referring to the New York trial of former President Donald Trump as a hush-money ...
05/05/2024
Catchy Comedy's weekend marathon sees The Beverly Hillbillies on the weekend of May 4-5. The event kicks off Saturday, May 4 at 11 a.m. ET, and runs through...
05/05/2024
NBC Sports has the 150th Kentucky Derby Saturday, May 4. The coverage begins at 2:30 p.m. ET on NBC and Peacock and the feature race at Churchill Downs in Louis...
04/05/2024
NEW YORK As the Asian Pacific American Heritage Month kicks off in May, Nielsen has released an extensive new report diving into their media habits with data sh...
04/05/2024
PHILADELPHIA As National Military Appreciation Month gets underway, Comcast has announced several new initiatives to help veterans, service members, and their f...
04/05/2024
WASHINGTON, D.C. Federal Communications Commission chairwoman Jessica Rosenworcel has announced a tentative agenda for the May Open Commission Meeting scheduled...
04/05/2024
The Broadband Forum has announced major enhancements to key 5G convergence standards that the group said will help advance next-generation applications, improve...
04/05/2024
Spotify Wrapped Campaign Spot Graded With DaVinci Resolve Studio
Brie Clayton May 3, 2024
0 Comments
Blackmagic Design today announced that Colorist M...
04/05/2024
Three Boston Conservatory at Berklee Alums Nominated for Tony Awards An additional eight alums and two current students performed in nominated productions.
...
03/05/2024
An innovative learning tool to help media and civil society better understand ho...
03/05/2024
PARK CITY, UTAH - JANUARY 21: (L-R) Actors K stutis Cic nas and Greta Grinevi i t , Director Marija Kavtaradze and Producer Marija Razgute attend the 2023 Sunda...
03/05/2024
If you aren't familiar with Danny Ocean's music, it's only a matter ...
03/05/2024
Spotify has an unwavering commitment to supporting emerging artists across all genres, to helping them launch and thrive in their careers, and to connecting the...
03/05/2024
Como uno de los sonidos de mayor expansi n en el mundo, la M sica Mexicana va m ...
03/05/2024
As one of the fastest-growing sounds worldwide, M sica Mexicana is more than jus...
03/05/2024
NEW YORK FuboTV reported that it lost 110,000 subs in Q1 2024 but it exceeded its guidance for the quarter with double digit year-over-year increases across key...
03/05/2024
Only 3 Weeks Left To Enter The Creative Industries Most Award
Brie Clayton May 3, 2024
0 Comments
Creativepool is giving a last call to the creative i...
03/05/2024
WePlay Studios Transforms the Future of Live Event Storytelling with AJA Gear
Brie Clayton May 3, 2024
0 Comments
By 2032, the esports market is expec...
03/05/2024
WASHINGTON Shannon Bream, Fox News Sunday anchor and chief legal correspondent, sat for a keynote chat at The Business of TV News, with Tom Umstead, senior co...
03/05/2024
WASHINGTON Asked how important is local news, Martha Raddatz, who has covered foreign conflicts for decades and moderated presidential debates for ABC News, s...
03/05/2024
Sony Pictures and Apollo Global Management have made a $26 billion cash offer fo...
03/05/2024
CBS announced its 2024-2025 primetime schedule, which features the new dramas NCIS: Origins, Matlock and Watson, and new comedies Poppa's House and Georgie ...
03/05/2024
Sports-focused streaming service Fubo said it reduced its red ink in the first quarter, despite losing 110,000 subscribers since the end of the year....
03/05/2024
Walmart is reportedly about to release a new 4K streaming box/smart speaker hybrid device for Google TV that could retail for as low as $50, according to a repo...
03/05/2024
Enhancements to its Delivery Workspace solution provide increased content delivery robustness and security
By Matthew Corrigan
Published: May 3, 2024
Enha...
03/05/2024
According to reports, if the bid is successful, Sony would be the significant majority shareholder of the new private company
By Jenny Priestley
Published: M...
03/05/2024
Located in Manchesters Spinningfields district, the course aims to equip students with the skills, knowledge and industry insight for a career in the creative s...
03/05/2024
Lightbridge has created a new Cine Reflect Lighting System kit, dedicated to enabling artistic lighting with consideration of today's productivity practical...
03/05/2024
Broadcast media systems integrator BeckTV and Lawo worked together on a large-scale AES67 build of radio control rooms at KPBS, San Diego's NPR and PBS memb...
03/05/2024
Raleigh, NC, April 12, 2024 SmallHD announces PageOS 6, a powerful software update free for owners of SmallHD monitors, featuring increased functionality, exp...
03/05/2024
SmallHD announces the Quantum 32 a new 31.5 OLED monitor designed to provide reference HDR/SDR images for post-production final color grading, as well as cri...
03/05/2024
By 2032, the esports market is expected to grow to $9.29 billion, bolstered by a global player count and fan following that both continue to climb. The 2023 Lea...
03/05/2024
Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced that the 11th edition of the Amagi Global FAST Rep...
03/05/2024
Riedel Communications today announced that Westdeutscher Rundfunk (WDR) is relying on a media and intercom network based on Riedel technology for the renewal of...
03/05/2024
Broadpeak , a leading provider of content delivery network (CDN) and video streaming solutions for content providers and pay-TV operators worldwide, announced t...
03/05/2024
Media technology innovator Limecraft will exhibit the latest updates to its online platform on stand G79 at the 15-16 May 2024 Media Production & Technology Sho...
03/05/2024
Audio interface specialist Prism Sound is partnering with console manufacturer Solid State Logic, professional monitor manufacturer PMC and acoustic panel and d...
03/05/2024
Intinor, Sweden's leading developer of products and solutions for high-quality video over the internet, is set to join forces with its UK partner Zest Techn...
03/05/2024
NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its Q1 2024 financial results to...
03/05/2024
Hiltron Communications announces an addition to its range of satellite communication products and systems: a field-upgradable motorisation kit specifically desi...
03/05/2024
Visit LiveU at Stand D30
With this year an exceptional one for major sporting events alongside multiple, key elections, the power and flexibility of LiveU'...
03/05/2024
Agile Content, the leader in the development of technology and solutions for the provision of television services over the Internet, announces Koldo Unanue as i...
03/05/2024
Eight co-signers representing streaming services, pay TV operators and public interest groups have sent a letter to Congressional leaders urging their Committee...
03/05/2024
BOSTON Brightcove has announced that it has implemented Amazon Q Business, a new generative AI assistant on Amazon Web Services (AWS)....
03/05/2024
NEW YORK CBS has declared that it will finish the 2023-24 season as Americas Most-Watched Network in primetime for the 16th consecutive season....
Qvest Media Gains a New Majority Shareholder with the RAG-Stiftung posted: 05/09/2016 
