Advanced Television

PHXX receives $250,000 for OTT platform

September 7, 2011

PHXX, a platform development company with expertise in OTT, new media, and gaming services, has received funding to further enhance their ReachOTT platform.

Alfalak Electronic Equipment & Supplies, a provider of technology-based end-to-end solutions in the Middle East, has invested $250,000 into PHXX to support this OTT initiative.

PHXX developed the ReachOTT platform to provide multiple media solutions for telecommunication companies (telcos) wanting to expand their offerings to consumers. PHXX provides the integrated framework for telcos to run their OTT video solution. Through this technology, PHXX supports multi-screen content delivery for TVs, tablets, smart phones, and PCs around the world.

Alfalak, a hardware integrator which has heavily invested in the success of OTT in the MENA region, will leverage the growing OTT interest to provide consumers in the Middle East with content and easy to use applications across a variety of mediums.

Categories: Articles, Business, Funding, OTT, OTT