Released on: 31, December 1969
, Author: Pressmart Industry: Internet & Online Press Release Summary: Pressmart Media Limited, industry'
, Audience: Internet related
smart Media Limited (www.pressmart.net), a leadingprint-to-digital delivery service, announced that it has secured a $6 Millionfunding from two of the most respected VC firms from the Bay area, Draper FisherJurvetson and NEA IndoUS Ventures, as it moves into its next phase of growth.This investment will accelerate Pressmart s global footprint and the resources tobuild on its market momentum, expanding its global sales, marketing, andcustomer-support presence across 35 countries where it currently serves over 350print media customers. Pressmart s strong SaaS based ePublishing and Digitizationservices have helped the company gain rapid recognition worldwide, coupled with aunique 360-degree service, that offers ePublishing, delivery, hosting, subscriptionmanagement, online payment, ad serving and user intelligence, all through onepackage.Making the announcement Sanjiv Gupta, CEO, Pressmart, said The adoption rate of ourprint-to-digital service has been remarkable over the past 24 months. Apart fromleading international publishing houses, we are vendors to some of the mostrespected Global associations like the WAN, SNA, NNA etc This investment from DraperFisher Jurvetson and NEA IndoUS Ventures, alongwith their combined energy andexperience, will help Pressmart s amplify its global leadership position inauthenticated, published, structured, audit-trail able and aggregated content,distributed over new media channels rapidly. According to industry estimates, the worldwide print readership is in excess of 1.4billion readers daily and the worldwide publications (including daily, weekly,monthly, quarterly, annual, large newspapers, community publications, journals,etc.) is in excess of 1.62 million. In India alone there are over 150,000publications registered with RNI.Pressmart also announced the induction of two highly accomplished professionals,Sateesh Andra, Venture Partner of Draper Fisher Jurvetson and Vinod Dham, FoundingManaging Director of NEA-IndoUS Ventures (popularly referred to as the father ofthe Pentium ), to strengthen its Board of Directors.In his address Sateesh Andra, Draper Fisher Jurvetson, said: Publications aroundthe Globe are currently under tremendous pressure to increase their presence on theweb and leverage new media/social media for content distribution. Pressmart sPlatform offers publishers a strong ROI and additional means of revenue. I am very excited about the opportunity to invest in Pressmart and help make it aleader in the e-publication space. As the world goes digital, there is unlimitedopportunity to deliver content in variety of electronic devices. Pressmart hasdeveloped an excellent technology platform to accomplish that in an easy, quick andflexible manner, said Vinod Dham, Founding Managing Director of NEA-IndoUSVentures.There is an immense amount of information stored in the billions of physical pagesin the world, whether it is through newspapers, magazines, journals or otherdocuments. Pressmart has built the technology and capability to digitally archivethis physical asset (information) into searchable, retrievable and repurposablecontent in XML format. Pressmart has already converted 400 years of newspapers,magazines, books, research papers, hospital records, manuscripts and journals, apartfrom enterprise records, into future-proof digital content. Its digitizationcustomers include leading publications in Australia, Germany, India and Thailand,besides a host of Government and quasi Government organizations. Pressmart has alsobuilt strong capability to offer digitization from Microfilms and Microfiche.Pressmart is the industry s most advanced solution for publishing electronic editionof Journals, newspapers and magazine or any other publication on multipledistribution channels like Web, Mobile, RSS, Podcast, Blogs, Search Engines, ArticleDirectories and Social Networking Sites, with integrated revenue and cost-savingcapabilities.The service offered by Pressmart is highly customizable and collaborates with Web2.0 services, proliferating print content with online community interaction. Itstechnology transforms the static online replica of a journal/newspaper/magazine intoan intuitive, interactive online medium by way of features like Podcasts, Blogs,opinion polls and online shopping.Using Pressmart s technology, Publishers can quickly archive, digitize andelectronically publish content, effortlessly. They can even track reading trends andanalyze subscriber behavior aiding not only editorial strategy, but also their adsales efforts.About Pressmart: Pressmart (www.pressmart.net) is a New Media Delivery Partner of leading newspapersand magazines published in over 22 languages across 35 countries. Pressmart takesover where the pre-press ends and delivers the electronic edition on multipledistribution channels including web (as a print-replica ePaper edition), Mobile,RSS, Podcasts, Blogs, Social Networking Sites, Article Directories, Search Engines,etc.Pressmart also offers digitization of legacy archives from multiple physical formatsinto re-usable and monetizable digital formats. It has digitized over 400 years worth of newspapers, magazines and journals. Pressmart is headquartered in Hyderabadand has a customer support presence in US and UK.About Draper Fisher Jurvetson: Draper Fisher Jurvetson ( DFJ ) backs extraordinary entrepreneurs everywhere who setout to change the world. DFJ achieves its mission through its DFJ Global Network ofPartner Funds. Together, DFJ and the Network manage over $6B and have made more than600 investments on four continents www.dfj.comAbout NEA-IndoUS Ventures: NEA-IndoUS Ventures is a venture capital firm based out of the US and India.Co-founded by Vinod K. Dham and Vani Kola, the firm invests in businesses thatleverage accelerated, long-term growth prospects and capital efficiencies. Foradditional information, visit www.neaiuv.com
Source: Express-Press-Release.com
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