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News and Information Article
IVT will Use Capital to Expand the Companys Ongoing Sales and Marketing
Initiatives and New Product Development
LOS ANGELES, June 1 // -- Interactive Video Technologies
(IVT), the leader in the production, management and distribution of live
and on-demand webcasting, announced today that it has received a commitment
for up to $5 million in venture funding from Monitor Ventures and continued
financial support from Tudor Ventures, a previous IVT investor.
"This new commitment by Monitor Ventures is an endorsement of our
company and the power of the MediaPlatform(TM) product suite," said Greg
Pulier, Founder, Interactive Video Technologies. "It will strengthen our
ongoing efforts to meet and exceed the rapidly evolving communications
needs of our customers as we work diligently to add new and innovative
features to MediaPlatform. Additionally, this investment will help us
broaden our extensive network of partners and resellers around the world
and enable us to bring exciting new products to market in the coming
months."
IVTs MediaPlatform offers a full menu of one-to many communications
capabilities for the creation, management and distribution of live and
on-demand web casting. MediaPlatforms capabilities include synchronized
video, audio and PowerPoint, combined with interactive features such as
online polling and Q&A, which generates real-time feedback from audience
participants to help companies communicate more effectively. MediaPlatform
is the model software solution for organizations that need to quickly and
efficiently communicate key messages to small or large, dispersed
audiences, and can be deployed in an enterprise or application service
provider (ASP) environment. MediaPlatform applications include sales force
training, corporate and customer communications and investor relations and
is used extensively by a growing number of Fortune 1000 corporations
including Cisco, IBM, Ernst and Young, EDS, Deloitte, NEC, Cantos,
Halliburton and Rohm & Haas.
"The online multimedia industry is on the cusp of a period of
incredible growth and IVTs unique approach and technology sets it apart
from the competition. It is a tremendous opportunity for Monitor Ventures
to participate in this high growth market," said Teymour Boutros-Ghali,
Managing Partner, Monitor Ventures. "IVT has a powerful combination of
close working partnerships with IBM, Cisco and Akamai, an excellent product
and an impressive client roster, that already includes many in the Fortune
1000 that we believe will continue to grow rapidly in the coming years."
"As one of the pioneers of the enterprise multimedia sector, IVT is
well-positioned to capitalize on corporations expanding interest in
integrating digital media into day-to-day business activities," said market
research firm, Interactive Media Strategies Research Director, Steven
Vonder Haar. "The new investment round will help IVT accelerate its push
into this emerging market and underscores the growing industry consensus
that enterprise multimedia is a hot technology sector with growing appeal
to investors."
About Interactive Video Technologies (http://www.ivtweb.com/ )
Interactive Video Technologies (IVT) is the leader in the production,
management and distribution of live and on-demand webcasting. IVTs
MediaPlatform(TM) provides a complete solution for organizations looking to
leverage the power of video communications through open-standards based
rich media publishing platform. IVTs customers include Cisco, IBM, Ernst
and Young, EDS, Deloitte, NEC, Cantos, Halliburton, Rohm & Haas, among many
others.
For IVT sales information, please contact Ron Shulkin, Director of
Sales at (847) 367-9882.
About Monitor Ventures (http://www.monitorventures.com/ )
Monitor Ventures is an early-stage venture capital firm which partners
with exceptional entrepreneurs to commercialize technology into world-class
products and services. Founded in 2002, the firm leverages the investment,
operating and entrepreneurial experience of its partners and its privileged
access to the resources of the Monitor Group (http://www.monitor.com ) to
accelerate portfolio company paths to customers, capital and profitability.
About Tudor Ventures (http://www.tudorventures.com/index.html )
Tudor Ventures is the venture capital and private equity arm of Tudor
Investment Corp., an internationally recognized, diversified investment
management firm with total assets under management in excess of $15
billion. Since the early 1990s, Tudor and its principals have invested in
over 75 companies, with a strong record of investment success, and
currently manage over $500 million in private equity investments.
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