3TS invests $7.2m in Visual Unity
June 13, 2014
OTT platform and multiscreen solution provider Visual Unity announces an investment of $7.2 million from 3TS Capital Partners, the growth capital technology fund. This investment will strengthen Visual Unity’s delivery of end-to-end OTT solutions on a global scale.
The investment of 3TS, into Visual Unity is from their Cisco, EBRD, EIF and OTP backed growth capital fund, which focuses on investments in fast growing technology companies primarily in Central and Eastern Europe (CEE). Visual Unity will use the investment to support the growth of an international customer base for vuMedia, its flagship OTT platform.
Tomas Petru, Visual Unity’s Founder and CEO, says: “This is an exciting time for Visual Unity, with 3TS taking a key role in the future success of our company. Our robust, end-to-end product is already used by our customers worldwide. We support close to 10,000 different screens and devices in conjunction with every conceivable monetisation method. 3TS’ diligent examination of, and investment into our product portfolio not only attests to its innovation, but will be instrumental in fueling our sales, marketing and development expansion.”