State College, PA. – November 16, 2010 – Videon Central, Inc. (Videon), a leading independent software vendor (ISV) and provider of Blu-ray Disc middleware and video streaming technology for the consumer electronics (CE) market, today announced that it has secured new funding from Intel Capital. The funding comes from Intel Capital’s recently announced Invest in America Technology Fund and will be used to expand Videon’s intellectual property (IP) portfolio associated with the rapidly growing Smart TV segment.
“The Smart TV category of consumer electronics products is poised for explosive growth as consumers increasingly demand more interactive entertainment experiences,” said Curt Nichols, Managing Director, Intel Capital. “Videon’s ability to expand on its position in this market by creating critical technology that brings unique features to these products will help position the company take advantage of this rapidly growing industry segment.”
Videon is a company with a long history of innovation and success in CE with a wealth of product design, system integration and certification testing and support capabilities. Our middleware software has been validated, is shipping on over 12 million internet connected devices and should exceed 20 million by end of 2011. Besides this core IP, Videon is also a value-added reseller of third-party software that is cleanly integrated to provide OEM customers with a complete product solution. Additionally, as an Intel® CE Network member, Videon has an abundance of CE4100 processor-based system level knowledge and platform software expertise that makes us the partner of choice for enabling Smart TV applications and related technology.
“Convergence devices have been promised for over ten years,” stated Todd Erdley, President and CEO of Videon Central. “With the emergence of powerful processors from Intel like the CE4100, the industry has finally reached a technology inflection point that will enable the realization of that promise. Videon is poised to take advantage of market growth by extending our leadership position in Blu-ray Disc middleware by supplying new technology that will support media agnostic devices. Intel Capital’s investment enables Videon to accelerate our roadmap toward the release of unique solutions that will manifest in next generation consumer electronics products.”
About Videon Central, Inc.
Videon Central, Inc. is the leading, supplier of Blu-ray Disc middleware and video streaming technology for embedded devices and a charter member of the Intel® Consumer Electronics Network (Intel® CEN). Videon is an ISV that specializes in applying core IP and system integration services for the growing consumer electronics market of internet connected devices. Videon offers OEM and content development companies a unique set of capabilities to facilitate the launch of their next generation digital media applications. For more information on Videon, visit http://www.videon-central.com.
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$9.7 billion in over 1,100 companies in 48 countries. In that timeframe, 189 portfolio companies have gone public on various exchanges around the world and 258 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 50 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.
To view the Intel Capital press release visit: http://newsroom.intel.com/community/intel_newsroom/blog/2010/11/16/intel-capital-invests-77-million-in-innovative-companies-around-the-world