Qbrick Acquires Camtenna, Now Has 80% of Finnish Web TV Market
Qbrick, the European Web TV and mobile TV streamer based in Stockholm, Sweden, has acquired Camtenna, a Finnish Web TV company, and has also signed an agreement to become the exclusive supplier for production company GoodMood.
Camtenna is a big name in Finland, where it streams to the majority of Finnish enterprise customers. Qbrick plans to expand its offering in Finland and to expand into the rest of Europe.
"We are the largest company within the European streaming media industry and now have a particularly dominant position in the Nordic region with seven offices in four countries," says Eric Matsgård, CEO of Qbrick. "Finland is an especially exciting market, as the only way to penetrate it is with local presence and long-term relationships. By drawing on one another's strengths, together, we will be able to build a platform for our expansion. There are also major financial advantages for both parties as well as for our customers thanks to our ability to achieve optimum scalability in the business model between countries."
Camtenna was founded when Finnish production company GoodMood split off its research and development unit as a separate business. Qbrick has signed an agreement with GoodMood to become its exclusive Web and mobile TV supplier.
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