Envivio's Explosive IP Video Services Growth Prompts Closing of $15m in New Financing, Strengthening of Management Team

SOUTH SAN FRANCISCO, Calif., July 28 /PRNewswire/ -- Envivio today announced that it has secured $15 million in a mezzanine investment from venture capital and banking sources enabling the company to extend its leadership position in the Video over IP market. Driven by record unit orders delivering unrivaled numbers of video channels worldwide, Envivio is experiencing 100% year-over-year sales growth.

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"Envivio has been ahead of the video delivery technology curve for years, which is why we have been the choice when operators look to shake up their markets with innovation," said Julien Signes, Envivio's co-Founder, President and CEO. "We have created a unified platform that delivers premier quality TV service to any device with a screen. Now that our vision is fast becoming the requirement for customers in all segments, we are the de facto IP video technology provider for over 250 of the world's leading service providers. Cable companies and telecoms are expanding into multi-screen services—as well as each other's markets—and Envivio has an active role in all the major trials of their next generation services. Content owners are creating entirely new breeds of TV service over the top of broadband networks. They all turn to Envivio because we enable them to deliver an excellent quality experience that appeals to subscribers using any combination of traditional TV screens, smartphones, PCs and the ever-expanding list of new devices like the iPad, while consistently delivering the best video quality and the highest level of investment protection."

To reinforce its progress, Envivio has strengthened its executive management team in recent months. Erik Miller, a seasoned financial executive with over 20 years' experience at successful technology companies where he has raised significant amounts of private equity and has listed two companies on the NASDAQ, has joined as CFO. Kevin O'Keefe has taken on the role of COO and brings extensive experience in scaling field operations at technology companies to $300 million+ in annual revenue. Envivio's Chairman of the Board, Gianluca Rattazzi, has taken an increased role at the company as Executive Chairman to assist with Corporate and Business Development. He brings 25 years' experience with technology startups, having filed successful IPOs as CEO and founder of three prior companies.

Contributing Factors and Events

• Envivio has been extremely active in the cable market, including extensive involvement in new service introductions and trials for the top five cable services providers in North America.
• The company has recently secured significant new opportunities by expanding distribution channels and relationships with several major partners, notably Ericsson in North America and Europe; Huawei in Asia and the Middle East; SeaChange in the U.S. and multiple international markets; and Axcera and LARCAN in the U.S. for opportunities with national and local broadcast television stations.
• Envivio introduced a new category of Over the Top (OTT) solutions, which have already been tapped for the launch of innovative new breeds of service including Sezmi in the United States and FetchTV in Australia.
• The company has been a lead contributor in the expansion of some of the world's most compelling video services such as the mobile offerings from BSkyB, Chungwha Telecom, Orange, and StarHub, in addition to Internet TV services from multiple providers including Portugal Telecom and Turk Telecom subsidiary TTNET.

For more information about Envivio, its solutions, and its executive leadership visit www.envivio.com.

About Envivio

Envivio is the leader in solutions for video-over-IP delivery. We remove the boundaries of traditional television and make the world's video content universally enjoyable by all viewers, on any device, across any network, at any time. Now in its second decade of developing market-leading video convergence solutions, Envivio has amassed dozens of patents, pioneered video-over-IP methods, and continually led in the deployment of emerging standards and new technologies. Today Envivio solutions deliver millions of content streams to hundreds of different styles of mobile devices, set top boxes, and PC platforms, on behalf of content owners, telecom operators, cable and satellite companies and mobile service providers in every market in the world. Deployment and support are backed by a global staff that is familiar with local technical, regulatory and market guidelines encountered around the world. Envivio is headquartered in South San Francisco, California and has offices worldwide including France; England; China; Singapore and Japan.

Envivio is a registered trademark of Envivio, Inc. TV without Boundaries is a trademark of Envivio, Inc. All trademarks used herein, whether recognized or not, are the properties of their respective companies.

SOURCE Envivio