Root Capital, a London-based venture capital firm specializing in the technology sector, has purchased the assets of teleprompter manufacturer Autocue. The sale includes Autocue’s QTV business in the UK and U.S. No financial details were available.
Simon Philips, a partner at Root Capital, will now serve as Autocue’s new chairman.
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 began offering a single solution for all transmission, newsroom, scripting and prompting requirements.
In the United States, QTV is part of the Autocue group and forms the U.S. division of Autocue's prompting services.
For more information, visit www.autocue.com.