French video streaming software Broadpeak has now listed on Euronext Growth Paris. The new development will allow the startup to scale its international presence and increase the size of its sales teams. It also aims to further develop and expand its SaaS cloud platform launched earlier this year.
The Brittany-based company specialises in the design, development and manufacture of components, software and systems for video streaming and digital content delivery for content providers and network operators. Broadpeak recently launched its IPO to fund research and development programme for its technology tools and services.
Talking about the growing business, Jacques Le Mancq, chairman and CEO of Broadpeak, said: “Broadpeak aims to deploy software solutions that enable the streaming of content that people love on a global scale. We have over 200 million users in over 50 countries. On the financial front, we are performing well with an average annual growth of 40% since 2015 and profitability that has already been demonstrated and is now confirmed by Broadpeak's IPO. The success of our introduction on Euronext will enable us to consolidate our technological lead and extend our commercial penetration, particularly through our SaaS platform.”