SOURCE: UIEvolution

September 10, 2008 13:30 ET

UIEvolution Secures Funding From Intel Capital and Itochu

Funds Aimed at Accelerating Consumer Adoption of Multimedia Products

BELLEVUE, WA--(Marketwire - September 10, 2008) - UIEvolution (UIE), a global leader of digital multimedia publishing software, today announced that the company has completed Series A financing with Intel Capital leading the round. This latest financing round will be applied to extending the reach of UIEvolution technology as it integrates services to drive content delivery.

"It was great to see the interest from the investment community and specifically, global technology leaders," said Chris Ruff, CEO of UIEvolution. "Intel Capital and Itochu stood out as investors as they have experience in one or more of our focus areas and have the ability to leverage our technology. This round of funding clearly displays the value of UIEvolution products and allows us to accelerate our growth in all markets beyond the PC."

UIEvolution is a leader in bringing rich content and services beyond the personal computer. Top media brands, leading network services providers, consumer electronic manufacturers and members of connected car ecosystem deliver rich, integrated multimedia services across devices using UIE products. The additional capital will help expand operations to support the growing need for seamless delivery and management of rich multimedia content across networks and platforms.

"Seamless integration between electronic devices is a feature that users have come to expect and now, the market demands it," said Curt Nichols, vice president of Intel Capital and managing director of the Digital Home Sector. "With their cross-platform software, UIEVolution has practical experience with products that allow for rich user experiences, from IPTV to mobile devices to automobiles."

"Itochu is committed to promoting the evolution of technology and bringing content to consumers when and where they want it," said Jumpei Yokota, General Manager of Content & Network Business Dept. from Itochu. "The market is providing a great opportunity for the two companies to work together to expand. UIEvolution will further establish itself in the Japanese market working with Itochu and conversely Itochu will have the additional opportunities to bring content and services to the US leveraging UIEvolution relationships."

UIE founder Satoshi Nakajima also participated in this round and will have a seat on the Board of Directors.

About UIEvolution

At UIEvolution® our software technology and solutions power dynamic application experiences for any device, platform or network enabling consumers to access their content anytime, anywhere. UIEvolution is a leader in bringing rich content and services beyond the personal computer. Top media brands, leading network services providers, consumer electronic manufacturers and members of connected car ecosystem deliver rich, integrate multimedia services across devices using UIE products. UIEvolution managed services track usage, providing measurable results that drive targeted advertising campaigns, user-specific offerings and improves the discovery and consumption experience.

© 2007 UIEvolution, Inc. All Rights Reserved. UIEVOLUTION, and the UIEvolution logo are trademarks or registered trademarks of UIEvolution, Inc. in the United States and/or other countries.

About Intel Capital

Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.

About Itochu

ITOCHU Corporation has evolved and grown over 150 years into a sogo shosha, engaging in domestic trading, import/export, and overseas trading of various products such as textiles, machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food. In addition, ITOCHU has made multifaceted investments in insurance agencies, finance, construction, real estate trading, and warehousing as well as operations and businesses incidental or related to those fields. For more information about ITOCHU, visit http://www.itochu.co.jp/main/index_e.html

Contact Information

  • Media Contacts:

    Kathryn Ellis
    UIEvolution
    425-278-1981
    Email Contact

    Barrie Locke
    Ripple Effect Communications
    617-536-8887
    Email Contact