Finnish cloud-based video and gaming service provider G-cluster has received a significant financial investment from French telecom operator SFR. SFR was one of the first companies to deploy G-cluster’s gaming service in 2010 and it now joins Intel Capital as the company’s financial backer. No details were released, but the deal is reportedly worth millions of euros.
G-cluster’s core business is a fully customizable, cloud-based video and gaming platform. The company’s patented technology allows high-end video games and full-length films to be distributed to a wide range of devices, including televisions, personal computers, tablets and mobile phones.
The SFR investment will be used for further product development and to boost global sales.
“SFR has been one of our key partners ever since day one. We’re delighted that they are standing with us as we move into this new phase. Their investment is the best possible proof of their confidence in us as partners – and their satisfaction with us as our clients,” said Erik Piehl, President and Representative Director of G-cluster Global Corporation. “Together with funding from Intel, this investment by such a major operator as SFR is a resounding validation of the relevance of our technology and our multi-device approach, deployed worldwide.”
G-cluster was originally founded in Finland in 2000. The company is now a wholly-owned subsidiary of Japan-based G-cluster Global Corporation.
