Booxmedia raises EUR 450 000 cloud investment

Finnish cloud-TV technology company Booxmedia has raised a financing round of EUR 450 000 from existing shareholders. Tekes – the Finnish Funding Agency for Innovation – has invited Booxmedia to the second stage of its ‘Young Innovative Growth Companies’ – programme.

Booxmedia offers end-to-end cloud-TV technology solutions for broadcasters, media companies as well as broadband, cable and mobile operators. Booxmedia’s cloud-TV software suite provides live-TV, video on demand, and personal video recording services on all major platforms, such as mobile and tablets (running iOS, Android, or Windows Phone), smart-TVs and game consoles, as well as with web browsers on a computer. A content owner, for example a broadcaster, can build a complete IPTV with Booxmedia’s technology solutions in just weeks.

“Viewers and content are rapidly moving from traditional broadcasts to the personal internet experience, and international competition in the IPTV industry is fierce. Following the recent approach by industry participants, in Finland we have a positive environment to successfully develop services for international markets” comments Jukka Sintonen, CEO of Booxmedia. Adds Kaj Hagros, Executive Chairman of Booxmedia; “We are convinced that within the next three years, the IPTV and OTT services have taken giant leaps from today. We in Booxmedia are in the forefront of this development”.


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