Thursday, March 25, 2010

(TECH) Minicom Digital Signage Raises $6 Million From JVP & Aviv Ventures

"Minicom Digital Signage (MDS), a vendor of media distribution solutions for the Digital Signage and Digital out of Home (DooH) marketplace, had raised $6 million in a new financial round led by Jerusalem Venture Partners (JVP) and joined by Aviv Ventures.

MDS' advanced multimedia platforms enable the transmission of customized rich-media messages in real-time from media players to multiple digital displays located hundreds of meters/feet away. MDS' technology is currently deployed on over 400,000 screens worldwide, and facilitates the distribution of content to consumers in retail, education, finance, transportation, and hospitality environments.

"This investment is the natural next step in MDS' lifecycle. The support of our investors positions us to explore inorganic growth options and to drive the acceleration of our product roadmap towards the establishment of MDS as a full scale enabling platform in the digital signage market," said MDS' CEO, Ronni Guggenheim.

MDS was spinout in 2009 from Minicom Advanced Systems, a developer of KVM remote access, extension and management solutions designed to expedite and simplify IT services. MDS headquarters in Jerusalem, Israel, with offices in the UK, Switzerland, and the US." (source)

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