Tripleplay, a leading developer of IPTV, digital signage, and video streaming solutions has been acquired by Uniguest.
Uniguest of course acquired ONELAN in June 2018 and we are told that Tripleplay will now be merged into the Uniguest portfolio which will provide mutual access to technology, expertise, and partners as the digital signage industry continues to undergo a period of consolidation amongst providers.
The press release stared that “As part of Uniguest, this new division will be a key component of a global organisation that enables Tripleplay and ONELAN to leverage the group’s financial and support infrastructure to drive significant global expansion and service plans”.
The combined Tripleplay and ONELAN organisation will be led by Steve Rickless, Tripleplay’s CEO, with the support of the Tripleplay and ONELAN executive teams. Tripleplay and ONELAN will continue to operate from their respective offices with their current team members.
Steve Rickless said “This acquisition is a game changer for Tripleplay and will bring significant advantages to our valued customers and partners. Our market-leading solutions combined with the ONELAN product set will be one of the most powerful combinations available in today’s market, and the partnership will allow us to deliver innovation and enhanced service. Backed by the strength of Uniguest, this gives us the opportunity to deliver our aggressive strategic vision for the business.”
Hugh Coghill-Smith, ONELAN CCO, added, “As our clients’ needs continue to expand, we are very excited to combine the Tripleplay and ONELAN solutions to provide additional value. This presents a considerable opportunity for our customers, partners, and employees.”
Jeff Hiscox, Uniguest CEO was quoted as saying “With the successful acquisition and integration of the ONELAN business into our portfolio in 2018, we reviewed a number of providers who could offer complementary solutions which aligned with our core strategy to deliver digital engagement to the industries we operate in. Tripleplay was by far the best solution in the market and fit this profile perfectly; we’re delighted to bring them under the Uniguest umbrella. By pairing Tripleplay with ONELAN, we are creating a powerhouse for the AV industry and are excited to start this journey.”
Tripleplay is headquartered in the UK, with regional headquarters in Florida, Spain, Singapore, and the UAE with teams across the globe in strategic locations.
There was no announcement of the acquisition price but it’s unlikely to have been anywhere near the GBP 25 Million that TriplePlay had been shopping themselves around for, most of this year.