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https://www.panoramaaudiovisual.com/en/2020/02/25/aviwest-ronda-financiacion-8-millones/

Aviwest closes a financing round of 8 million euros

This investment will allow the company to finance its strong growth, strengthen its teams, expand its portfolio of products and services and increase its commercial presence in all strategic regions of the world.

Aviwest stand

Aviwest has completed a financing round with an investment of 8 million euros from Go Capital, Turenne Group, Sodero Gestion and Unexo (Crédit Agricole Group).

This investment will allow the company to finance its strong growth, strengthen its teams, expand its portfolio of products and services and increase its commercial presence in all strategic regions of the world.

Live video production and contribution is a booming industry and its growth trends for the coming years offer Aviwest numerous opportunities to develop new innovative products and solutions, along with high value-added services.

New media outlets are constantly emerging and live video coverage around the world is increasing, demonstrating why linked unmanaged IP networks are a smart choice for delivering high-quality live event coverage.

With the global rollout of 5G networks currently taking place, broadcasters will see many benefits in video contribution. Using Aviwest's IP-over-IP technology, video business professionals can meet the growing demand for high-quality live coverage of sports, breaking news and other events in the most affordable and bandwidth-efficient way, from anywhere in the world.

Ronan Poullaouec, CTO of Aviwest, states that the company “plans to increase its innovation and maintain its agility and reactivity to continue offering world-class, powerful and reliable live video contribution solutions.”

Erwan Gasc, CEO of Aviwest, adds that "thanks to our new investment, we will continue to work hard to increase our presence in the markets associated with IP connectivity and strengthen our business around the world, especially in China and the United States, which represent an important part of our global market. It will also allow us to incorporate around fifty professionals in the coming months."

By, Feb 25, 2020, Section:Business

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