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SealedMedia, Digital Rights Management Company, Lands $16.5 Million

Friday, October 12, 2001

Press release from the issuing company

SealedMedia, providers of cross-media Digital Rights Management (DRM) technology for security applications and online publishing, today announced new funding of $16.5M, which is projected to sustain the Company on its path to profitability. The new investment, from Pond Venture Partners, Crescendo Ventures and 3i, hinged on SealedMedia’s impressive recent successes securing commercial DRM deployments. According to Richard Irving CEO of Pond Venture Partners Ltd, “We have seen SealedMedia make impressive strides in both technology and business development since its inception, and applaud the Company’s numerous successes – gained in the face of a tough market and strong competition. We are very confident that SealedMedia will now not only be able to ride out current economic conditions, but ultimately secure a leadership position in the promising DRM market segment.” Martin Lambert, founder and CTO of SealedMedia, supported this view. “Given recent events, we are proud that our technology and business model have motivated top venture capitalists to stake significant investments in SealedMedia’s future. While this is a difficult time for all companies, publishers and enterprises alike they will never lose their resolve to leverage and protect their digital assets: for these organizations, SealedMedia offers a truly unique – and financially compelling – DRM solution.” As part of the plan moving forward, the Company intends to relocate its U.S. headquarters to the East Coast, in order to be closer to its customers in the publishing world. SealedMedia will continue to address both the U.S. and European markets, with sales and marketing initiatives that drive adoption of its Enterprise Server. The SealedMedia Enterprise Server is a new product that enables large content publishers/owners to quickly and easily disseminate and protect vast volumes of digital text, audio and video files. More so than any of its DRM competitors, SealedMedia provides its customers with powerful means to persistently control usage of their content – even after its distribution to consumers and users over the Internet. But SealedMedia also possesses unique advantages in terms of the flexibility of licensing options its technology supports (pay-per-view, preview, view-only, pass-along, etc.), as well as via its ability to support consumers’ strong demand for usability and “fair use.” “The publishing and corporate worlds are more concerned than ever about digital security, and, about ‘the bottom line,’” Lambert concluded. “The Digital Rights Management industry is about to come into its own, and players like SealedMedia – who can offer robust, high-ROI solutions today – are poised to benefit from Corporate America’s new spending priorities.” About SealedMedia SealedMedia’s Digital Rights Management (DRM) technology empowers publishers and information producers with fine-grained persistent control of their digital content. This enables the development of sophisticated online media delivery applications for valuable and sensitive information. SealedMedia’s proven solution provides robust protection for multiple types of digital content including text, images, audio and video. It allows content owners to grant and modify licenses for accessing content in real time while protecting against unauthorized access. SealedMedia has been selected by leading organizations around the world for sealing books, newsletters, research, music, learning materials and confidential information. SealedMedia has sales offices in New York, San Francisco, the U.K. and the Netherlands.

 

 

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