Video Browser Startup Gets Funding

CAMBRIDGE, U.K. -- IPV Limited, the global leader and the largest independent supplier of video browsing technology to the professional video market, today announced further funding by its existing investors. Participating investors include Advent Venture Partners, 3i Group Plc, Noble Fund Managers and Albany Venture Managers.

David Hughes, Principal of Advent Venture Partners’ VCT Unit and an IPV Board Director, said “IPV is developing a strong track record in the field of video browse and asset management and SpectreView is now firmly establishing itself as the industry standard in browse technology for the broadcast market. IPV has a well founded strategy for growing its business with its acclaimed SpectreView products and services and is well positioned to gain a bigger share of the large U.S. and Asian broadcast markets. IPV is already partnering with key industry players in Korea and is in discussions to supply and partner with key players in China.”

“Our technology is incorporated into products by our OEM partners,” stated Chris Exelby, CEO of IPV. Exelby added, “Our strategy is to continue to provide our partners with industry leading technology, unparalleled support and the tools for efficient and effortless integration. To broaden the appeal of our products, we have begun streamlining our technology into discrete components, able to be used in isolation, but also capable of building a comprehensive range of SpectreView solutions when combined. The first of these products is the SpectreView SVPCI card which has already been deployed by our recently announced OEM partner NeoMedia to a Korean public service broadcaster.”

Doug Fleming, Senior Manager, Noble Fund Managers Ltd, added “IPV has a great team and best of breed products for a fast growing market. Noble Fund Managers is very happy to be investing further in this promising portfolio company."

IPV’s funding announcement comes hot off the heels of recent partnership announcements with NeoMedia Corporation, a leading provider of integrated broadcasting systems for the Korean broadcast market, Konan Technology, the leading provider of Digital Asset Management solutions and Front Porch Digital, a leader in conversion, preservation and management of analogue and digital content. Other recent announcements include a joint logging tool development and demonstration at NAB2004 with IBIS, a leading pioneer in television process automation, and a collaboration announcement of a Media Asset Management Solution with Blue Order and Telestream.

Exelby concluded, “This is a very exciting time for IPV. We have a strong development, production and sales team committed to providing excellent products and services, a healthy and growing OEM programme to enable us to expand into new markets, and the confidence and support of our investors to realise our growth potential. IPV is looking forward to continuing success and strengthening of our market position.”

IPV Ltd.