AdSpace Networks Secures $14 Million Equity Funding; DCM ``Doll Capital Management'' and AIG Global Sports & Entertainment Fund Lead The Investment.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Aug. 2, 2001 AdSpace Networks, Inc., creators of software to bring digital media to public spaces, today announced that it has secured $14 million in outside funding. As part of this investment round, AdSpace obtained funding from lead investors DCM DCM abbr. Distinguished Conduct Medal (Doll Capital Management) and the AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Global Sports & Entertainment Fund as well as Allen & Company, Amicus AMICUS Automated Management Information Civil Users System Capital, Angel Investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. , Brainstorm Ventures, and various other institutional and individual investors. AdSpace Networks is revolutionizing the way advertising and merchandizing messages are delivered to consumers as they shop, as they travel, and as they attend events. AdSpace's proprietary software technology, CoolSign(R), offers both advertisers and retailers a new way to quickly and dramatically reach targeted audiences by delivering advertising and promotional content to electronic displays via high-speed networks. AdSpace generates revenue by either licensing its software to retail stores and other commercial establishments for their own promotional use or by selling advertising time on systems that AdSpace has installed in public spaces. To date, AdSpace has installed over 300 CoolSign-powered displays in more than 45 locations. The investment will allow AdSpace to expand its operations and penetrate new venues. Tom Blaisdell and Dixon Doll, partner and managing general partner, respectively, at DCM, and Geoffrey L. Hamlin and Paul G. Pizzani, partners at eVentures Capital Partners and advisors to the AIG Global Sports & Entertainment Fund, have been named to AdSpace's board of directors. "AdSpace is uniquely positioned to capture a significant portion of the multi-billion dollar out-of-home and point-of-purchase advertising markets," said DCM partner Tom Blaisdell. "We look forward to seeing AdSpace bring digital media to a wide range of public locations, including retail stores, movie theater lobbies, airports, shopping malls and other high-profile venues." "For retailers and other commercial entities, AdSpace's technology provides a new, powerful vehicle for on-site marketing and promotions," added Geoffrey L. Hamlin, partner at eVentures Capital Partners and advisor to the AIG Global Sports & Entertainment Fund, "while for advertisers, it delivers advertising messages to targeted audiences with tremendous impact." "We are pleased by this vote of confidence from the investment community," said Karen Katz, president and chief executive officer of AdSpace. "Digital media is eventually going to be everywhere, and AdSpace is successfully pioneering this new market." About AdSpace Networks Founded in 1998 and with offices in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Calif., and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev., AdSpace Networks, Inc., is creating the standard for the distribution, display, and control of digital media for advertising in public spaces. AdSpace's proprietary software technology, CoolSign, offers advertisers and retailers a high-impact, dynamic medium that allows precise audience targeting at the point-of-purchase. Whether deployed at retail locations or at high-traffic public venues such as airports, convention centers, casinos, movie theaters, shopping malls, and stadiums, the rich, high-quality full-motion imagery of electronic displays driven by CoolSign attracts attention and creates lasting impressions. CoolSign combines the best characteristics of today's media formats to deliver the Impact of Print, the Pull of Television, and the Speed of the Internet. For more information, visit AdSpace's Web site at www.coolsign.com. About DCM (Doll Capital Management) DCM is a top-performing venture capital firm exclusively dedicated to entrepreneurs building early-stage technology companies. Armed with over a century of operational and investing experience, DCM's six partners -- Tom Blaisdell, David Chao, Dixon Doll, Eric Gonzales, Peter Moran Moran equitable councillor to King Feredach. [Irish Hist.: Brewer Dictionary, 728] See : Justice , and Rob Theis -- have funded some of the world's leading communications and Internet companies, including 51Net, About (acquired by Primedia), Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Networks, Foundry Networks Foundry Networks is a network system vendor selling high-end managed ethernet switches and routers. The company was founded in 1996 by Bobby R. Johnson, Jr. and is based in Santa Clara, California, USA. (Nasdaq:FDRY), Internap (Nasdaq:INAP (Intelligent Network Application Part) An IN (Intelligent Network) protocol used in a European SS7 network to query databases for a variety of functions not related to call setup and tear down. INAP uses the ASN.1 standard for defining message content. See SS7 and ASN.1. ), Ipivot (Intel), IPWireless, Luminous lu·mi·nous adj. Emitting light, especially emitting self-generated light. Networks, Recourse Technologies, and Promeo Technologies. The DCM team offers portfolio companies hands-on operational guidance as well as access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. Currently investing from its third fund, DCM is actively seeking entrepreneurs building world-class information technology companies in the communications and Internet software/services sectors. For more information on DCM, visit www.dcmvc.com or call 650/233-1400. About AIG Global Sport & Entertainment Fund AIG Global Sports & Entertainment Fund, L.P., is an investment fund directly managed by AIG Capital Partners, Inc., an indirect, wholly-owned subsidiary of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. Limited partners in the AIG Global Sports & Entertainment Fund include The Interpublic Group of Companies This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Inc., one of the world's leading advertising and marketing services organizations. |
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