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IPTV Start Up Edgeware Gets Funding From Creandum
TMCnet Associate Editor
Swedish IPTV start up Edgeware, which develops high performance servers for on-demand television services, today announced the successful conclusion of a Series A financing round with the venture capital firm Creandum.
Edgeware is a system vendor targeting interactive television and video on demand (VoD) applications in IPTV and cable TV networks.
“The funding that we have received, in combination with the valuable knowledge and full backing of Creandum, enables us to complete development of our first line of products and enter the market,” said Edgeware Founder and CEO Joachim Roos in a company press release. “We will now be able to deliver on the tremendous interest in our technology that we have seen from a large number of service providers, who are hoping to extract new revenues from on-demand television services.”
Edgeware claims its server products “significantly improve streaming capacity, functionality, service quality and profitability for service providers.” Its video server technology solves the challenge of scaling and achieves a low OPEX, regardless where in the network the servers are deployed.
The products are ideally suited for any service provider installation that involves interactive streaming of television quality content, including high definition television - HDTV.
“We are very excited to work with the Edgware team to provide the missing piece of the IPTV puzzle,” said Stefan Lindeberg, a partner at Creandum.
For more information about Edgeware visit http://www.edgeware.tv.
For more information about Creandum visit www.creandum.com.
Patrick Barnard is Associate Editor for TMCnet and a columnist covering the telecom industry. To see more of his articles, please visit Patrick Barnard’s columnist page
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