Modulus Video Closes $8.5 Million Series A Led by Trinity Ventures; Bob Wilson Joins as Chairman & CEO.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--April 9, 2004 Modulus Video Builds Standard Definition (SD) and High Definition (HD) AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264. (2) (Audio Visual C Based Video Encoders and Professional Decoders Modulus Video, Inc., an emerging leader in providing solutions to the digital television marketplace, today announced it has closed an $8.5 million Series A financing led by Trinity Ventures. Joining the Modulus board of directors from Trinity Ventures are Gus Tai, general partner, and Alex Osadzinski, venture partner. The company also announced the appointment of Robert L. Wilson Private First Class Robert Lee Wilson (1920 in Centralia, Illinois - 1944) was a United States Marine who was posthumously awarded the Medal of Honor for heroism at the cost of his life on 3 August 1944, in the Marianas. as 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. and Chairman. Wilson has extensive experience in the broadcast industry including management positions at Pinnacle Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PCLE) Accom, Inc. and Grass Valley Group (now part of Thompson Multimedia). "Modulus is already a recognized leader in the emerging market for digital video solutions utilizing AVC compression. I am thrilled to join the company at a time when the industry is moving to the next generation of compression systems. Modulus will play a pivotal role in the broadcast industry in the coming years. I'm delighted to be leading this outstanding team of industry experts," said Bob Wilson, CEO and Chairman, Modulus Video. Modulus Video is developing a family of High Definition and Standard Definition digital video solutions for broadcast television based on AVC video compression systems. Modulus serves broadcast, narrowcast To transmit to selected individuals. Cable TV and satellite radio are examples of narrowcast services because they reach only their subscriber base. Mailing lists are another example. Contrast with broadcast. See multicast. and video-on-demand customers including satellite, cable, terrestrial and telco DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary . "Modulus is a great company. We invested based on the strength of the team, the remarkable progress they have made, and the substantial market opportunity for their products," said Gus Tai, General Partner, Trinity Ventures. The New AVC Standard for Digital Video Today, digital video compression is based primarily on MPEG-2, a ten year old standard that has reached its limit of video compression efficiency. Recently, a new more efficient global standard has emerged most commonly referred to as the AVC standard, formerly called H.264 or MPEG-4.10. AVC is a new and open video compression standard, ratified in 2003 by the ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. and the MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). H.264 foundation. Demonstrations by Modulus Video have shown AVC to significantly outperform MPEG-2 by factors of between two and four. Digital video solutions using AVC require at least 50 percent less bandwidth or storage capacity for a given video stream at equivalent quality. AVC is expected to become the dominant standard worldwide for broadcast-quality video compression across all media and formats. AVC's benefits accrue to both existing broadcasters and new entrants for HD and SD applications. Biography - Bob Wilson, Chairman and CEO Bob Wilson has spent the bulk of his career in the broadcast industry. Most recently he spent seven years in senior leadership roles at Pinnacle Systems including president of the Broadcast Solutions Division. Before joining Pinnacle, Wilson served as executive vice president, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , chief financial officer and as a member of the board of Accom, Inc. Prior to Accom, Wilson served as president and chief executive officer of The Grass Valley Group (GVG GVG Giving GVG Grass Valley Group GVG Guild Versus Guild (Guild Wars, online game) GVG Grundstücksverwaltungsgesellschaft der Stadt Mainz is now part of Thompson Multimedia). Before leading GVG, Wilson served as vice president of Merchant Banking Wasserstein Perella, an investment bank. He was part of the leadership team responsible for investments in the bank's $2 billion fund. Wilson also held a variety of senior level positions for Ampex Corporation. Wilson holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in economics from The Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . For more detail, please visit: http://www.modulusvideo.com/mgmt.html Modulus Video Background Modulus was founded by entrepreneurs and broadcast industry veterans Jean Dumouchel, Mark Magee, Rob Robinett and Raj Sandhu. The founding leadership team also includes broadcast industry veteran Bob Natwick. Jean Dumouchel, who will remain Vice President of Software for Modulus, was previously a Technical Director at Broadcom (NASDAQ:BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ) and a co-founder of Azuron Systems acquired by Broadcom. Mark Magee, serving as Vice President of Engineering, was formerly the Vice President of Engineering at DiviCom, a vendor of MPEG-2 compression systems (now Harmonic - NASDAQ:HLIT). Rob Robinett, Chief Technology Officer at Modulus, was co-founder and founding president of SkyStream Networks, a provider of IP video delivery systems. Raj Sandhu, an experienced investor and principal of Athena Advisors, provided seed capital and leadership to Modulus. Bob Natwick Vice President of Sales was formerly of Tandberg television and Divicom. About Athena Advisors Athena Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ., run by Raj Sandhu, is involved in venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so , founding and leading technology companies, public investing and trading, and in financial transactions. About Trinity Ventures Founded in 1986, Trinity Ventures is a value-added investor that provides capital, networks and resources to early-stage software, services, communications and networked systems companies. With more than $1 billion under management, Trinity Ventures has a proven track record of working in close collaboration with entrepreneurs to build leading companies, such as Extreme Networks, Network Alchemy, Crescendo Communications, Forte Software, Illustra and Starbucks. For more information on Trinity Ventures, please visit www.trinityventures.com. About Modulus Video, Inc. Modulus Video, Inc. is a provider of next generation video compression solutions for digital television. Modulus provides solutions for both high definition (HD) and standard definition (SD) video based on the newly adopted AVC standard formerly referred to as H.264/MPEG-4.10 AVC. Modulus solutions include encoders and professional decoders/analyzers, for cable, satellite, telecom and broadcast networks. Modulus Video, based in Sunnyvale, California, is privately held with funding from Trinity Ventures and other private investors. For more information, please visit www.modulusvideo.com. |
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