Next....tologies This morning on the news...........
Stingray Invests in Nextologies Limited
MONTREAL, June 19, 2018 (GLOBE NEWSWIRE) -- Stingray (TSX:RAY.A)(TSX:RAY.B), a leading business-to-business multiplatform music and video solutions provider, today announced that it has acquired a minority stake in Nextologies Limited, an Ontario-based provider of technological solutions for broadcasters. This investment will provide Stingray with access to Nextologies’ innovative and secure signal IP distribution network at competitive rates.
About Stingray
Stingray (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services as well as digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Its services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.
About Nextologies
Nextologies, provides fibre, IP and satellite transmission services for a wide range of clientele worldwide. As specialists of high-quality broadcast video connectivity in HD or SD, Nextologies also provides complete solutions to meet all broadcasting needs. For more information: https://www.nextologies.com
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