T-Online Venture Fund Invests in Axentra.HipServ Home Server Software Platform Gets Backing from Tier One Service Provider BONN, Germany & OTTAWA -- T-Online Venture Fund today announced an investment in Axentra, makers of the award-winning HipServ Home Server software platform that puts consumers' digital content at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. , both in the home and remotely. The fund is managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. . The 6 million US$ Series A funding in Axentra is led by T-Online Venture Fund. The investment is part of a broader strategic initiative to equip Deutsche Telekom business units with technology that can be used to offer value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to mobile and broadband customers. Deutsche Telekom, also known in the US for their mobile arm, T-Mobile, is one of the worldwide leading telecommunication companies with over 61 Billion Euros Revenue (80 Billion Dollars) in 2006. "We designed our HipServ platform to address the need of OEMs and service providers for a simple and affordable personal media serving and sharing solution. The fact that T-Online Venture Fund recognized the value of the platform for Deutsche Telekom-affiliated companies clearly demonstrates the merits of our technology," said Marc-Antoine Benglia, 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. of Axentra. "This investment is significant not only as an immediate funding source but also as an indication that HipServ will quickly gain market traction among other providers." "The home server is becoming an essential part of the digital home. The challenge has been to deliver a smart, easy-to-use and economical solution," said Dr. Volker Binder, Senior Vice President, Near Access Services, Deutsche Telekom. "Axentra's HipServ is a platform with the broadest and easiest functionality and hardware compatibility we have seen, and we believe it has the potential to become the standard in the industry." HipServ is a file and media server solution that enables users to centrally organize, find and manage their photos, music, home video, recorded TV and personal documents at home or on the road. It streams photos, music, and video throughout the home as well as enabling seamless sharing and remote access for friends and family. It is compatible with both Windows and Mac computers, Sony PlayStation Sony Playstation - Playstation 3 and Microsoft Xbox360, UPnP or DLNA (Digital Living Network Alliance) A coalition of computer and consumer electronics companies that was formed to ensure interoperability in home networks. certified digital media players, IP-enabled TVs, and Web-enabled mobile devices, providing a wide range of access options. As a complete home server software platform and applications suite, HipServ allows OEMs and service providers to quickly go to market with a branded home server solution that can be used as a delivery platform for custom services. It powers the leading home server appliances A self-contained computer system specialized for network use. Its applications are pre-installed, and access to setup and configuration is via a Web browser. Server appliances may provide a single application or several applications; for example, a single device may provide file server, ; provides complete security from any broadband connection See broadband and wireless broadband. ; sets up in minutes; and is available at an affordable price point that allows OEMs and service providers to offer simple, smart and affordable solutions such as LaCie's recent release, the Ethernet Disk Mini - Home Edition, powered by HipServ, that includes 500GB of storage combined with a robust home server for under $200 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. suggested retail price. About Axentra Axentra is the leading provider of home server platforms for smart appliances and PCs. The HipServ software platform puts digital photos, music and videos at consumers' fingertips in the home and remotely in a simple and affordable package. It is a modular and scalable solution that enables users to save, show, sync and share their digital content anytime, anywhere. HipServ is sold through OEMs and service providers who want to offer next-generation smart appliances with technology that can be used to provide value-added services to mobile and broadband customers. The company is headquartered in Ottawa, Canada, with a U.S. office in the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden area. Additional information is available at www.axentra.com. About T-Online Venture Fund The T-Online Venture Fund was established in 2001 and is equipped with an investment volume of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100 million. It is managed by T-Venture, the venture capital entity of Deutsche Telekom. Its aim is to support the strategic business segment Broadband/Fixed Network of Deutsche Telekom in its objectives. For additional information about T-Venture and the T-Online Venture Fund please visit www.t-venture.de. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion