SOURCE: Anystream

February 07, 2007 08:10 ET

Anystream Raises $7 Million to Accelerate the Growth of Its Media and Education Businesses

Investment to Power Strategic Product Development and Continued Company Expansion

STERLING, VA -- (MARKET WIRE) -- February 7, 2007 -- Today Anystream announced that it has closed a $7 million round of growth capital led by SoftBank Capital and SCP Partners. The investment will be used to accelerate the expansion and product offerings of its Anystream Media and Education (Apreso) business units following a year of unprecedented success in 2006.

"Anystream's exceptional customer list serves as proof of their keen awareness of the important trends in the marketplace -- it reads like a who's who of media and education," said SoftBank Capital Partner and Anystream Board Member Steve Murray. "Anystream is the rightful leader in two markets which is extremely rare."

"We have incredible customers, products, employees and now, additional growth capital to go after the amazing opportunities presented in media and education. Anystream has never been in a better position," said Geoff Allen, Anystream's founder and chairman. "The funding will allow us to expand our product offerings, amplify our international presence and maintain the leadership position we have worked so hard to achieve."

Anystream offers a unique service to a world dependent on the convenience of consuming video content on demand. Media companies use Anystream's solutions to win consumer mindshare by serving content to an exploding number of on demand media outlets. Educators turn to Anystream to improve learning outcomes of today's busy students by making rich media lecture content available for on demand playback over the Web and on mobile devices.

"Anystream has evolved over the past seven years. The company has unusually strong management and development teams, and its ability to master hardware and software challenges is impressive," said Wayne Weisman, partner at SCP Partners and Anystream executive chairman. "With this round of investment, Anystream can now continue on its mission to deliver innovative, targeted solutions for its customers. I believe that 2007 will be a landmark year for this company."

The Series C financing round follows significant milestones for the company. In October 2006, Anystream announced Apreso Coursecaster, the first hardware appliance of its kind to tap the trend of capturing rich media versions of a professor's lectures for on demand student review. During the same time, Anystream Media further expanded its market-leading position by adding powerhouses like Scripps Networks, AccuWeather, Reuters, and SPEED to its established customer roster graced by the world's most dominant media companies.

About Anystream

As the number of outlets and devices to obtain video content grows, Anystream enables media companies and educators to innovate and experiment with new media to reach their consumers and students where, when, and how it's convenient for them. With the bragging rights to over 600 media deployments and more than 100 higher education institutions, Anystream is the known leader for on demand video solutions. The company's scalable, enterprise rich media solutions can be found from MIT to MTV and beyond. Anystream's honors include the Frost & Sullivan Market Leadership Award, Presentations Magazine's Standing Ovation Award, PC Magazine's Technical Excellence Awards finalist, COMDEX Best of Show awards finalist, Entrepreneur Magazine's "Hot 100" list and Deloitte & Touche's "Fast 50."

Anystream Media

Anystream Apreso

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