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Press Release - Lyon, March 13, 2007

 

UbicMedia™ raised 320 kEuros in first-round financing

UbicMedia has raised 320 kEuros in first-round financing, valuating the company more than 1 million Euros. This seed capital, mainly brought by the SolarInvest fund, will allow UbicMedia to accelerate its development and to enrich its offer of value-added services intended for the producers, editors and providers or multimedia content : PUMit©, designed and operated by UbicMedia, is an original Internet solution which combines the advantages of downloading and VoD, P2P and streaming to widespread, promote, sell and exchange multimedia contents.

Founded in 2006 after a few years of conceptualization with market players around the idea of "free circulating contents" with "strictly & fairly controlled" use, and after having filed two patents, UbicMedia has launched by the end of 2006 the Alpha version of its PUMit system.

Alain Rosset, founder and Chairman of UbicMedia, declares: "We are happy that SolarInvest decided to help us in the development of UbicMedia. This funding, completed by the support of OSEO-ANVAR and our banks, enables us to cover the first steps of our development, until 2008. Beyond this financial contribution, UbicMedia will also take advantage of the presence to its Board of directors of Alain Dumas, founder and CEO of Sunopsis until its recent acquisition by Oracle."

Alain Dumas, Chairman of SolarInvest, adds: "I immediately agreed with UbicMedia's extremely innovative approach. The market of online multimedia, and especially the market of online video, entered a phase of very strong growth. But there remain barriers to its development, due in particular to the piracy of contents however protected by systems such as DRM, which themselves are an unsolved issue. UbicMedia brings to the market of online multimedia a completely original solution, PUMit, which implements the vision of its founders, in which I totally believe."

About UbicMedia:

UbicMedia is a partner for creators, producers, editors and providers of multimedia contents: movies, videos, music, pictures… UbicMedia brings PUMit, an Internet solution combining the advantages of download and VoD, P2P and streaming to widespread, promote, sell and exchange multimedia contents. PUMit facilitates a wide circulation of the contents, guarantees their secure & fair use and, if requested, their online payment, with in-depth marketing analysis of their audience and uses. By providing the means to control their marketing campaigns and online revenue sources, UbicMedia helps the content providers in efficiently developing their business in the online world.

PUMit is protected by patents filed in 2006.

Contact for Press:

Pierre Col – pierre.col@ubicmedia.com – +33 611 782 901

UbicMedia – 9 rue des Tuiliers – 69003 LYON - FRANCE - www.ubicmedia.com

 

© UbicMedia 2006-2007