Fantastec acquires OTT platform We Are Colony
By Community | March 1, 2018
Fantastec Sports Technology Ltd (Fantastec) has acquired We Are Colony Ltd (Colony), an OTT VOD technology company.
Fantastec through the acquisition aims to develop products, platforms and experiences which enable globally distanced fans to better connect and engage more deeply with the sports, teams and athletes.
Fantastec’s managing partner Steve Madincea said: “We moved quickly with our investment group on Colony because they have the three vital ingredients we look for in any acquisition: industry leading technology, an inspired and capable leadership team, and an ethos of continuous growth and constant innovation which aligns with Fantastec’s ambitions.”
Colony CEO Sarah Tierney said: “In the face of enormous disruption across the film industry, we built Colony to empower content owners to easily reach engaged audiences around the world. Over the coming years, the sports industry will face similar levels of disruption from a globalising fan base along with rapidly changing tastes, demographics and habits.
“I am incredibly excited to join the Fantastec family and apply our advanced technology and comprehensive in-market experience to solving a range of challenges and opportunities in the sports sector.”
Fantastec was founded in 2017 by Madincea, an international sport’s industry entrepreneur.