ADVISORY/Chartwell Capital Management Announces $34 Million Mezzanine Funding of eMotion Inc., Leader in Digital Media Management.News/Assignment Editors ADVISORY...for Tuesday Tuesday: see week. (June June: see month. 27) --(BUSINESS WIRE) Analysts Predict Explosion of Digital Media Management Market To $2.2 Billion by 2003; Streaming Media See streaming audio, streaming video and digital media hub. Services Market Predicted To Grow Twentyfold Within Four Years
WHO: Chartwell Capital Management will announce the $34 Million
mezzanine funding of eMotion Inc., the leader in the digital
media management space.
GE Capital and Chartwell lead the round with additional
funding from National Geographic, EMC, Enron, Sun
Microsystems, Saudi International Bank and VERITAS Software.
Spokespersons:
-- Robert Griffin, CEO and President of eMotion
-- Diana Murphy, Managing Director of Chartwell Capital
Management
-- Gregga Baxter, Head of Private Equity, Saudi
International Bank
WHAT: $34 million funding will ensure eMotion's continued
leadership in state-of-the-art technology and further the
company's global expansion.
WHEN: Tuesday, June 27
1:00 PM EST
WHERE: Dial 800/230-1059
WHY: As the growth of the Internet and use of broadband services
increases, many Fortune 500 companies along with leaders in
the entertainment, broadcasting and advertising industries,
now recognize the need to manage their media assets. With the
trend of increased bandwidth, better streaming technology
along with expanded content, top companies are embracing
digital media management as a driver to revenues and expanded
business opportunities.
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