Aequitas Capital Management Invests in Telanetix.PORTLAND, Ore. -- Private equity investment firm Aequitas Capital Management, Inc., announces two investments with Telanetix, Inc., a publicly traded, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. based telepresence Meaning "long distance presence," it refers to videoconferencing applications that feel like a live meeting. Notable features are larger screens that may approach a virtual reality environment and sensors that keep at least one window focused on whomever is speaking at the moment. firm providing leading edge video conference systems utilizing a proprietary software platform. Initially, Aequitas invested $500,000 into Telanetix, Inc., to help the company gain the edge in the video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. industry. The proceeds of the investment will be utilized by Telanetix to fund their engineering, making their product backwards compatible See backward compatible. backwards compatible - backward compatibility with Polycom, Tandberg and a host of desktop video applications. Aequitas is now providing up to $2,000,000 through a vendor financing Vendor Financing The lending of money by a company to one of its customers so that the customer can buy products from it. By doing this, the company increases its sales even though it is basically buying its own products. program to support the sale of the Company's products. This will allow the Company to sell their product to qualified, smaller businesses on a monthly lease program ($1,000/month). The leases will be issued through Aequitas Commercial Finance. "Telanetix, Inc. has developed a unique technology which creates a fully immersive and interactive environment regardless of geographic boundaries," said Bob Jesenik, Aequitas CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It has proven that it can compete with its bigger rivals in the high-end video-conferencing market. Now, if they can make it CEO-proof, which we think they can, it could achieve mass-market growth." "We are pleased to be working with Aequitas Capital Management to provide an innovative financing program for our customers," said Tom Szabo, Chairman and CEO of Telanetix. "This financing program will allow small and mid-sized companies to experience all of the valuable benefits that Telepresence offers." About Aequitas Capital Management Established in 1993, Aequitas Capital is an alternative investment firm providing private equity and commercial finance products to the middle market, healthcare and energy sectors. Our value proposition for our clients is in our hands-on approach to advising, structuring and investing. For more information visit www.aequitascapital.com or call 503-419-3500. About Telanetix, Inc. Telanetix creates digital environments that foster corporate interaction, collaboration, and productivity. Telanetix has developed a whole new approach to communications called Digital Presence. Based on Internet Standards See Internet Engineering Task Force. (SIP/SDP/RTP), state-of -the-art multi-stream video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. technology (MPEG-4), and very high quality of service broadband IP networking, Telanetix, for the first time, is able to bring two rooms together and merge them into one electronically. The effect is so profoundly real that it is almost like being there. |
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