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Imagine has developed the broadband industry's most advanced PersonalizedTV platform and completed a $9.2 million round of funding
May 1, 2006
CARDIFF-BY-THE-SEA, Calif. -- Imagine Communications, Inc., a new digital video technology company, today announced it has developed the broadband industry's most advanced PersonalizedTV platform for system operators, and has completed a $9.2 million first round of venture funding from Carmel Ventures and Columbia Capital.
Imagine's powerful and scalable PersonalizedTV platform allows operators to deliver advanced digital video programming and services that fulfill the essence of PersonalizedTV - giving subscribers content they want, when they want it. Imagine's breakthrough third-generation statistical multiplexing technology and software-based infrastructure solutions cost-effectively enable tremendous bandwidth improvements, enhanced video quality, and customized service offerings such as targeted ads and personalized audio. By implementing its technology in software, Imagine is able to leverage powerful, carrier-grade, off-the-shelf hardware that is available from multiple suppliers. Imagine's technology can be used in both a stored VOD (video on demand) and real-time (switched) environment.
Paul Kagan, chairman/CEO of PK Worldmedia, Inc., said "VOD is a platform that has been waiting for its moment, in a new era of exploding platforms. The aggressive moves of content owners and broadcasters to widen their distribution patterns are wakeup calls to video operators to boost their streaming capacity. The addition of HDTV to the mix - another emerging platform - increases the competitive pressure on channel expansion."
"We're on the leading edge of a dramatic shift in television delivery from traditional linear broadcast to an on-demand, switched, individualized environment that allows people to watch TV programming on their own schedules and in a more personalized way," said Fred Cary, Imagine's president and CEO.
Cary continued, "This march toward consumer control and flexibility in program delivery imposes new costs and complexities on operators. It's critical that operators cost-effectively maximize bandwidth efficiency and capacity on their networks to ensure the seamless delivery of high-quality video programming at the instant request from a subscriber. We are pleased that Carmel Ventures and Columbia Capital believe in our company, our mission and our ability to deliver on the promise of PersonalizedTV as we make this profound transformation a reality over the coming years."
Imagine Communications
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