|
Equilibrium Announces $3.5M Financing Round Led By Celartem
Investment Includes Japan And South Korea Exclusive Master Distribution Rights For Equilibrium's MediaRich Product Line
SAUSALITO, CA. – APRIL 3, 2008 – Equilibrium® (www.equilibrium.com), the leading provider of automated media production and delivery solutions for workgroup, enterprises, and application service providers, today announced that Celartem Inc., d.b.a. Extensis® (www.celartem.com), has led the investment in a $3.5 million round of financing.
"This partnership is exciting for Celartem on many levels," said Celartem CEO Osamu Ikeda. "Not only are the MediaRich products a natural extension for our markets in Asia, but this alliance also represents a strategic technology move toward the video distribution market."
This alliance demonstrates Celartem's commitment to extending Extensis' capabilities in the Digital Asset Management (DAM) market. The MediaRich product line offers complementary technology that adds tremendous value by providing a powerful, fast, fault-tolerant, next generation, self-service imaging and video engine. Celartem's investment validates the importance of Equilibrium's present and future products in the marketplace.
"With over 200 man-years of research and development invested to date in Equilibrium's patented MediaRich's CORE technology we are successfully powering some of the largest BtoB portals, Web 2.0 infrastructures and websites in the world," said Sean Barger, Founder, Chairman and CEO of Equilibrium. "This deal and partnership with Celartem simultaneously expands Equilibrium's sales reach into Japan and South Korea while giving us the fuel to drive sales and marketing initiatives and ramp our development in video monetization systems."
The lead capital investment by Celartem, Inc. results in a minority ownership of Equilibrium and one seat on Equilibrium's Board of Directors. The agreement was completed this week following approval by Celartem's Board of Directors.
About MediaRich
Equilibrium MediaRich automates image, sound and video productions and enables the multi-channel delivery of all media assets. MediaRich is a scalable, high-volume media distribution and repurposing engine. It enables companies to create, edit, deliver and leverage dynamic delivery of graphics, audio and video files on-demand to any device in real time. MediaRich seamlessly integrates with any Digital Asset Management (DAM) or Content Management System (CMS).
About Celartem
Celartem Technology Inc. develops and sells innovative technologies for storage, access and distribution of rich media content. Celartem has developed technology in the areas of digital image compression, scalable image viewing and secure content distribution and management under its Extensis® (www.extensis.com) and LizardTech® (www.lizardtech.com) technology brands. Celartem is listed on the Osaka Securities Exchange, Hercules: 4330. Established in 1996, Celartem is headquartered in Tokyo, Japan and has a wholly owned subsidiary, Celartem Inc. with headquarters in Seattle.
About Equilibrium
Equilibrium, the world leader in media processing since 1992 when it released the first automated graphics processing software, DeBabelizer®, now leads the monetization of the next-generation Internet revolutions: music, video and mobile. Media companies can break through traditional limits in mass-produced media using Equilibrium's unique, high-powered MediaRich engine for real-time personalization and delivery of music and video to everything – even mobile. Equilibrium offers its powerful solutions to the workgroup, enterprise and web-server, delivering the same CORE technology for cross-platform interoperability and integration virtually anywhere. To learn more about Equilibrium and its products, please visit www.equilibrium.com.
###
©2008 Automated Media Processing Solutions, Inc. d.b.a. Equilibrium. All rights reserved. U.S. Patent Numbers 6,792,575 and 6,964,009 for automated media processing and dynamic multi-platform delivery. Equilibrium and MediaRich are registered trademarks of Equilibrium. Extensis and Extensis Portfolio are trademarks of Celartem, Inc.
Press Contact:
Frank Colin
Equilibrium +1 415-332-4343
pr (at) equilibrium.com
|
