TriPlay Secures $11 Million Financing from Affiliates of Fortress Investment Group
Next Generation Personal Cloud Leader to Grow User Base & Protect, Fortify Intellectual Property
07 Apr, 2015, 08:00 ET
NEW YORK, April 7, 2015 /PRNewswire/ -- TriPlay, the next-generation personal cloud company, and the developer of MyMusicCloud and MyDigipack, today announces that it has secured $11 million of financing from funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG) a leading, highly diversified global investment firm with approximately $67 billion in assets under management as of December 31, 2014, as well as from existing investors, Kenges Rakishev and Tamir Koch, TriPlay founder and CEO.
TriPlay will use this latest round of funds to support its marketing efforts, accelerate its research and development and grow their existing base of over one million users of its open, next generation personal cloud services. MyMusicCloud and MyDigipack are universal applications above the cloud that allow users free unlimited storage and access to their music, photos and videos on any device, operating system, file format and network anywhere in the world.
"As competition between device makers, cloud storage and wireless providers heats up, consumers are increasingly concerned about universal access to their valuable and carefully curated content. As they are applications above the cloud, this will never be an issue with MyMusicCloud and MyDigipack. With the support of our investors, our new marketing strategies will focus on informing users worldwide of this very important feature," said Koch.
TriPlay, the creator of the first patented technology on cross-platform messaging and sharing, will also utilize the funds to fortify the strength of its technology by procuring compatible and complementary technologies invented in the research programs at Intellectual Ventures, the global leader in the business of invention.
"Ten years ago we developed and launched the very first cross-platform messaging technology that is central to much of today's communications and it is vital that we not only protect it, but strengthen it with the purchase of supportive technologies," concluded Koch.
TriPlay is a premier cloud services company, enabling users worldwide to easily access, manage, share and enjoy their music, photos and videos across any computer, mobile phone, tablet smart TV or wearable. TriPlay is a privately held company with offices in New York and Israel. More information can be found at www.triplay.com
Share this article