Avail Media, Inc. Acquires Video on Demand Provider ViewNow
Leading Innovators in IPTV and VOD Industries Combine to Strengthen and Expand Service Offerings As Well As Customer Base
Reston, Virginia - September 12, 2007 - Avail Media Inc., a provider of IPTV and advanced media services to broadband operators today announced it has acquired ViewNow, a leading supplier of Video On Demand programming (VOD). The acquisition includes ViewNow's customer base and agreements with major studios, including Buena Vista/Disney, Dream Works, Lions Gate Films, NBC/Universal, New Line Cinema, Paramount, 20th Century Fox and Warner Bros. The deal also includes ViewNow's ViewTrak tracking system and will allow Avail Media to drive VOD and combined linear/VOD services deeper into the entertainment marketplace.
"The synergies resulting from this deal are outstanding," said Ramu Potarazu, CEO of Avail. "A single source provider for live and on-demand programming allows our customers to rapidly offer a competitive and comprehensive video solution. We are always pleased when we can help our customers better serve their markets. ViewNow's strong culture of innovation complements Avail's technology deployment strategy."
The company's new senior management team, consisting of executives from both Avail and ViewNow, reflects significant experience throughout the telecom and media industries. Through this acquisition and merger of both technology and talent, Avail media now has the expertise to provide distribution platforms with the most robust content available in the marketplace.
Steve Roberts, who brings to Avail his deep experience with the studios, offered, "We were looking for a partner who had the vision and the commitment to combine the linear and on-demand business. Avail clearly had the ability and is already active in the market place with an MPEG-4 distribution platform servicing telcos, cable operators, MDU's, and FTTH service providers".
Earlier this year, Avail Media secured $17 million in Series-B venture financing in a round co-led by Washington, DC area venture firms Novak Biddle Venture Partners and Columbia Capital. Avail Media is led by CEO Ramu Potarazu who prior to joining the company, was CEO of Broadstream Communications and COO of Intelsat. Avail Media is currently serving more than 40 customers and anticipates continued strong growth across all products and services.
About ViewNow
ViewNow is a leading Video on Demand programming, management, and marketing services company serving telco and cable TV markets nationwide. ViewNow has long term, full output agreements with major motion picture studios and other programming providers. ViewNow offers a turnkey solution for delivering VOD programming inclusive of programming acquisition, encoding, programming management, and transport via satellite to its affiliates. ViewNow affiliated companies have access to the most extensive library of marketing support materials for VOD, customer acquisition, and VOD functionality. Using its proprietary software suite, ViewTrak(TM), ViewNow offers its affiliates the capability to track programming activations on a real time basis. For more information, visit .
About Avail Media, Inc.
Founded in early 2007, Avail Media is the emerging leader in providing managed content services and technologies delivered through a fully integrated head end infrastructure, for the profitable deployment of IP video. Through a combination of best-of-breed technologies Avail Media offers a complete end- to-end platform to serve a broad array of customers. Avail Media possesses a large content rights library of over 300 channels from national programmers, including premier content from programmers such as ABC-Disney, Turner, NBC- Universal, MTV Networks, Fox Networks, and many others. Avail Media now offers the broadest and deepest set of services, technologies and solutions among its competitors. For more information, please visit www.availmedia.com.