Quortex

Quortex is a French company specializing in cloud-based video streaming solutions, offering services that cater to the diverse demands of video delivery for clients across various sectors. Founded in 2018 in France, Quortex operates in the video streaming space, providing innovative solutions for live video delivery. The company received a SEED funding round amounting to EUR 2. 50 mn in July 2022 from investors including Elaia Partners, Go Capital, and UNEXO.

Quortex has closed a total of 3 deals, with the most recent deal occurring on July 12, 2022, when Synamedia Holdings Limited acquired the firm, although specific financial terms of the acquisition were not disclosed. Quortex provides a range of cloud-based video streaming solutions tailored for clients in the video delivery industry. This includes Quortex Play for scalable live streaming, Quortex Link for B2B content distribution, Quortex PowerVu for secure video delivery, and Quortex Switch for optimized CDN management. The offerings are designed to cater to broadcasters, content creators, and enterprises, ensuring high-quality video delivery while serving a global client base across North America, Europe, and Asia.

In 2023, Quortex reported a revenue of EUR 1,110,498. 10 with an EBITDA of EUR -1,424,186. 90. The company operates on a usage-based pricing model, allowing clients in the media and entertainment sectors to manage their video streaming costs effectively through a pay-as-you-go structure.

Quortex aims to expand its product offerings and enhance its technology following the acquisition by Synamedia Holdings Limited. The acquisition will support Quortex's growth strategy, allowing them to operate under their brand while potentially launching new products and penetrating new geographic markets. Specific markets targeted for expansion include regions within North America and Asia, with plans for implementation in the near future.