Iliad Crew-owned Polish provider supplier Play Crew has received 92.5{66dc31293c2260cb9172669df609ae161dc6e72a8b49d2ae72b9a1fbbc7d2bf4} of the stocks of Polish era supplier Redge Applied sciences. The residual 7.5{66dc31293c2260cb9172669df609ae161dc6e72a8b49d2ae72b9a1fbbc7d2bf4} of the corporate’s proportion capital stays with Przemysław Frasunek, CEO and co-founder.
Redge Applied sciences is a number one supplier of OTT and edge computing applied sciences in Central Europe. Its flagship era, Redge Media, is an OTT platform to be had in PaaS and On-Prem fashions.
Redge counts Play, at the side of Warner Bros Discovery crew’s TVN, the TV3 Baltics crew, Telewizja Polska, Ringier Axel Springer Polska, Vectra, Canal+ and NASK amongst its shoppers.
Redge Applied sciences used to be based in 2007 as a part of the Atende S.A. crew. In 2020, the corporate turned into an impartial entity following a control buyout, assisted via Custodia Capital led via Wojciech Domański and Tomasz Potapczuk. In 2021, Redge Applied sciences had revenues in far more than 7,5 million EUR.
Following the purchase via Play, the control group will stay intact, Redge mentioned. The corporate will proceed to perform as a separate entity and can proceed with its product, gross sales and advertising methods, each at the home marketplace and across the world.
On the similar time, Redge mentioned it’ll prolong its cooperation with the Play Crew to incorporate, amongst different, additional construction of the PlayNOW platform.
The Play Crew used to be recommended via Rymarz Zdort and Grant Thornton. The dealers had been recommended via Rothschild & Co with criminal recommendation supplied via Dentons Poland.
“Becoming a member of the Play Crew opens a brand new bankruptcy within the corporate’s historical past and is in line with our telecommunications DNA. For 15 years, we have now supported telecom operators and broadcasters of their OTT services and products. The era advanced via us has change into the root of a number of main deployments within the area. The cooperation with Play will yield – maximum of all – synergies in telecommunications and an excellent probability to additional broaden our CDN, but additionally different services and products in keeping with edge computing. We wish to stay on environment the traits and requirements within the trade,” mentioned Frasunek.
“The Play Crew has received essentially the most prized asset in video era in Central Europe. Following the spin-off from the Atende crew, Redge has been completely reworked: the corporate has change into laser-focused on its distinctive and most respected video streaming era, constructed up its operational assets, and speeded up funding in its era belongings. As Custodia Capital, we’re satisfied that we had been within the place to help the control group of Redge – Przemek, Jan and Tomek – in such dynamic expansion, and that the corporate has now change into part of the worldwide capital crew, which is uniquely located to boost up the Redge’s expansion,” mentioned Tomasz Potapczuk, co-founder of Custodia Capital and vice-president of the previous Supervisory Board of Redge Applied sciences.
