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2015年12月31日 (木)

where it recently opened an office in London

Ohpen, a Netherlands-based company that has built cloud-based core banking software, has raised €15 million in Series B funding, which I understand gives it a valuation of €100 million. Private equity firm Amerborgh has led the round, with the new financing pegged for accelerated growth, including expansion to the U.K. where it recently opened an office in London A Bar. Built from the ground up to run entirely in the cloud, Ohpen’s core banking SaaS is targeting any large financial services provider that administrates retail investment and savings accounts. These include online savings banks, asset managers, retail banks, insurance companies, and pension providers, with the likes of Aegon, and The Volksbank named as clients. The premise is that via a modern technology stack and reliable cloud-hosting, and a revenue model that charges per user and therefore has predictable costs, Ohpen’s clients can focus on the front-end experience and brand differentiation rather than dealing with legacy systems and keeping the servers spinning. “The founding team of Ohpen was previously the management team of BinckBank and in that capacity responsible for the creation of the most successful internet broker in Europe, before we left,” says Chris Zadeh, CEO of Ohpen. “Having spent 10 years cursing on unreliable technology that was almost impossible to adapt to our needs, we had to put our money where our mouth was and create a complete new core banking engine from scratch”. The resulting technology was 2 years in the making, he says, with an MVP in April 2010 and Ohpen’s first live client signed in 2012 “[It] took a couple of years to actually program the engine. The Ohpen Platform was the first core banking engine in the world that was totally cloud-based, with regulatory approval”. Meanwhile, Zadeh says the 100-person company has already proven it has a sustainable business model and claims Ohpen has a positive P&L sheet. “This money shall be invested in international growth, our home market is self-sufficient already,” he adds Enterprise Network Security. This deal is a bit convoluted, but the bottom line is that you’ll be able to watch the season 7 of Game of Thrones live or on demand on TV streaming app Molotov. The French startup just signed a deal with OCS, a premium TV package focused on movies and TV shows. Starting today, Molotov users can subscribe for €12 per month and access both live channels and on-demand content. Subscribers can access OCS on all their devices, including on a TV that works with Molotov. As a bonus, subscribers also get 100 hours of cloud-recording space so that you can bookmark more content in the cloud. OCS has been around for a few years. Orange owns two-thirds of the company and Canal+ owns one-third of the entity. 2.6 million people subscribe, mostly through their internet service provider. The normal tier costs €12 per month, and there’s a lower offering for €10 per month limited to laptops, tablets and phones. Subscribers can then access four live channels and a streaming service called OCS Go. While OCS is a good way to watch and stream recent movies, most people know the network thanks to its exclusive deal with HBO. In France, OCS is the only legal way to watch and stream HBO shows, such as Game of Thrones, Silicon Valley, Westworld and more. New episodes are available immediately after they air in the U.S. or less than 24 hours later with French subtitles dermes. I’ve already covered Molotov quite extensively. Molotov lets you watch live TV, go back to the beginning of a show and catch up on past episodes a few days after they first aired in a single, unified interface. It works across phones, tablets, computers, Apple TV, Android TV and smart TVs. The startup now has more than a million users. While creating an account and watching basic TV channels is free, today’s news is interesting because add-ons like OCS are going to help Molotov monetize the service.

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