Qvest Engage
Qvest Engage GmbH, formerly known as TeraVolt, is a leading provider of digital media solutions, located in Hamburg, Germany. In 2023, it became part of the Qvest Group, thereby enhancing the group's capabilities in over-the-top (OTT) media solutions and audience engagement. With a primary focus on digital media services, Qvest Engage operates from its headquarters in Hamburg, a hub for media technology innovation.
Leadership and Team
The leadership team at Qvest Engage includes Tobias Künkel as CEO, Oliver Koch as CCO, and Tobias Fröhlich as CPO. This team leads the creation and execution of innovative products aimed at transforming TV experiences for global audiences. The company is acknowledged for its agile working environment, which is supported by multifunctional teams composed of approximately 50 employees with diverse skills and backgrounds. The workforce, with employees ranging in age from 21 to 62 and a variety of nationalities, enhances the company's ability to provide globally relevant solutions.
Services and Technology
Qvest Engage specializes in advanced digital media solutions, with a strong focus on OTT services. Their latest innovation, the "Composable OTT" blueprint, offers a pioneering approach to building modular OTT platforms, enhancing flexibility, scalability, and optimizing costs for media firms. This architecture enables personalized experiences and more rapid innovations, drawing on e-commerce practices to improve media engagement.
Partnerships and Clients
Qvest Engage partners with high-profile clients such as ZDF, ARD, RTL, Red Bull, DFL Deutsche Fußball Liga, Vodafone, and Telekom. These collaborations reinforce its authority and trustworthiness in the media industry. The company has positioned itself as a technology consultant and a leader in digital transformation across multiple sectors including media, telecommunications, automotive, and consumer goods at a global level.
Global Presence and Vision
Qvest Group operates globally, with offices across Europe, the USA, the Middle East, Southeast Asia, and Australia. The organization is recognized as a leading technology and business consultant for various industries. This broad reach allows Qvest Engage to effectively support digital transformations in diverse markets. The company prides itself on success and innovation, with more than 1,300 employees providing consultancy services, system deployment, ICT integration, and software development.
Qvest Engage’s vision is to deliver exceptional TV experiences and flagship products, redefining audience interaction with digital media. By combining expertise in product development, strategy, and technology, they meet the unique needs of international clients. As Qvest extends its capabilities and reach, Qvest Engage remains at the forefront of media innovation and digital transformation.
Competitor Profiling for Qvest Engage
Overview
Qvest Engage, originally known as TeraVolt, stands as a significant player in digital media solutions, marked by agility and innovation. Since its integration into the Qvest Group in 2023, the company has thrived in a dynamic industry shaped by technology advancements and digital transformation.
Competitors and Market Dynamics
Qvest Engage contends with major industry players, contributing to a competitive market:
- Accenture: A global leader with about 774,000 employees, offering a wide range of services, including strategy, consulting, digital, technology, and operations. Known for creativity and reinvention, Accenture is a daunting competitor in digital transformation.
- Deloitte Consulting: With FY2024 revenue at $67.2 billion, Deloitte provides extensive consulting, technology integration, and advisory services, bringing competitive pressure through deep industry insights and strategic capacities.
- IBM Consulting: Offering its services through a focus on integrated digital and IT solutions, IBM Consulting, rebranded from IBM Global Business Services, leverages innovation and robust infrastructure to remain competitive in digital services.
Other competitors include Entelect, UMB, Damco Solutions, Qualtrics, Miro, and Submittable, each with their specialized offerings and contributions to the ecosystem.
Strategic Positioning
Within a rapidly evolving digital landscape, Qvest Engage positions itself as a top-tier global consultant, systems architect, and software developer. It focuses on using digital transformation to benefit sectors including media, telecommunications, automotive, health, and pharmaceuticals.
Key Factors Influencing Competitiveness
- Innovation and Agile Operations: Qvest Engage’s commitment to innovation and agile practices is vital for sustaining its competitive edge amid ongoing digital transformation.
- Diverse Industry Engagement: Collaborating with global brands across various sectors ensures the firm's relevancy and adaptability in addressing complex client demands.
- Human Capital and Expertise: By investing in a skilled and diverse workforce, Qvest Engage equips itself to compete against globally established consulting giants.
