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? 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.?
IVT?s MediaPlatform offers a full menu of one-to many communications capabilities for the creation, management and distribution of live and on-demand web casting. MediaPlatform?s 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 IVT?s 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. IVT?s MediaPlatform? provides a complete solution for organizations looking to leverage the power of video communications through open-standards based rich media publishing platform. IVT?s 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 (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 1990's, 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.