Streaming Media

Learn about the latest technologies and business strategies in online video. Register early for Streaming Media West and save!
 

StreamingMedia.com Industry Announcements
View Press Releases
Add Your Press Release
StreamingMedia.com provides this section as a service to its readers and customers.


Press releases are subject to approval by the editorial staff of StreamingMedia.com and may be edited or altered for length and clarity, or to remove unsubstantiated and unverifiable claims.


All content presented within the press release section is that of the submitter. StreamingMedia.com does not necessarily endorse such content and bears no responsibility or liability for its accuracy.

SpotXchange Secures Strategic Investment from Angel Investors

Alex Bogusky becomes investor for industry-leading online video advertising platform
Westminster, Colorado (2/1/2008) - Online video advertising network SpotXchange announced today that it has raised an undisclosed amount in its first round of angel funding.

Investors include:
Alex Bogusky, Chief Creative Officer, Crispin Porter + Bogusky
Laurence Chang, former Portfolio Manager, Janus Worldwide Fund
Tim Hudner, former Chief Operations and Chief Technology Officer, Janus Capital Group
Mike Lu, former Portfolio Manager, Janus Global Technology Fund
Kent Moore, former Portfolio Manager, Janus Capital Group and Senior Analyst/Portfolio Manager Marsico Capital
Blaine Rollins, former Portfolio Manager, Janus Fund
Claire Young, former Portfolio Manager, Janus Olympus Fund

?To date SpotXchange has been funded by Booyah Networks? operating proceeds,? said SpotXchange President and CEO Michael Shehan. ?However, it was important to energize our 2008 operating plan with additional funds from strategic investors. This allows us to open additional offices, expand our business development team and develop additional functionality in the platform including new ad units.?

?I?m excited to be involved. Video advertising is just beginning to take its rightful place online,? said Alex Bogusky. ?Previously the tools just haven?t existed. SpotXchange offers a powerful platform that allows media buyers to manage the performance and reach of their buy in real time instead of getting bogged down in the minutia of setting up an ala carte ad buy.?

Based in Colorado and launched in November 2006, the SpotXchange platform allows advertisers and publishers to buy and sell online video advertising in a true, real-time auction marketplace. The patent-pending technology takes the best practices in sponsored search?self-service tools, free market bidding, precision targeting, transparent reporting, real-time tracking and optimization?and applies those tools to a comprehensive marketplace of online video ad inventory. The marketplace currently represents over one billion monthly impressions.

About SpotXchange
The SpotXchange patent-pending online video advertising platform received the 2007 Streaming Media?s Readers? Choice Award for Best Video Ad Platform. The company was spun off from Colorado-based digital marketing and technology company, Booyah Networks in March 2007. Booyah Networks ranked 23rd on the 2006 Inc. 500. Clients and partners include Voxant, Blinkx, Internap, LiveVideo.com, NeoEdge, United Press International and others.
SpotXchange
Editorial Contact:
Valerie Quintanilla
303.345.6623
valerie@spotxchange.com