TVU takes aim at Latin America, Europe
Gabriel Miramar-Garcia | 22-02-2013
Mobile live TV specialist TVU Networks has secured a new round of investment funding which it will use to expand its global market presence in Europe and Latin America for its mobile broadcast distribution tools.
SoftBank Ventures Korea (SBVK) has joined TVU's initial investors Altos Ventures and New Atlantic Ventures in providing the (unspecified) funds infusion which TVU will use for increased R&D for IP-based video transmission, management and distribution solutions. That will help it in its goal of branching further into new markets and verticals, it said.
"TVU has led the movement to IP-based video in the broadcast industry," said Paul Shen, CEO, TVU Networks. "We are committed to delivering further innovation for the broadcast industry and to bring our video solutions to industries beyond broadcast, such as law enforcement agencies around the globe."
The company introduced the world's first HD newsgathering backpack, the TVUPack TM8100, in early 2010. The next year, TVU introduced TVU Anywhere, the world's first fully-integrated newsgathering app for mobile devices. Since then, it has focused on smaller, ultra-lightweight 3G/4G mobile uplink solutions with the introduction of the TVUPack Mini and the TVUPack Mini SE. The company most recently introduced TVUPack TM8200, a modular cellular uplink solution for newsgathering.
In all, the TVUPack family of products gives broadcasters satellite and microwave TV truck functionality in a lightweight, portable and untethered form, which has been used to deliver live HD footage for the London Olympics, US presidential election primaries, the World Cup, Hurricane Sandy, the World Series and the Super Bowl.
"SBVK is always looking to partner with innovative technology companies with demonstrated global reach, solid market momentum in its products, and strong underlying financials," said Greg Moon, CEO and president, SBVK. "TVU Networks perfectly fits this profile and is an ideal addition to the SBVK portfolio. Specifically, TVU's innovations in mobile video solutions have made a significant impact on how news is covered by major news organizations and TV stations throughout the world."