Autocue has announced that it has sold its business in the UK and US, including QTV, to Root Capital, a London-based venture capital firm specialising in the technology sector.
Simon Philips, partner of Root Capital and Autocue’s new chairman, says about their investment: “We are delighted to be investing in Autocue’s future and are excited about the prospects for the business. The leading-edge technology, combined with a strong brand and customer base all provide an excellent platform for growth.”
Autocue’s strategy going forward will be to provide leading products and excellent service to its customers, and to grow through increased geographic coverage around the world.
Autocue has been serving the broadcast industry since the mid-1950s when Autocue in London and QTV in New York produced and patented the very first prompters. The two companies merged in 1984 and, with the introduction of the QSeries family of software, Autocue became the only company to offer the television industry a single solution for all transmission, newsroom, scripting and prompting requirements and unlike its competitors is the only company to work directly with its customers to optimise newsroom workflow. In the United States, QTV is part of the Autocue group and forms the US division of Autocue’s prompting services. Autocue is known worldwide for its service and dependability, serving such prestigious clients as Bloomberg, the BBC and MTV Europe. Autocue’s prompting solutions are compatible with all newsroom systems on the market and are used all over the world by broadcasters, production professionals, government facilities and corporate producers requiring excellence in prompting and newsroom automation solutions. For further information, please visit