Product category: Embedded Software and Operating Systems
News Release from: Ateme
Edited by the Electronicstalk Editorial Team on 7 February 2006
New finance gives Ateme funds to grow
Ateme has closed a Eur 4 million round of financing with XAnge Private Equity and Ventech
Research and development activities will benefit from increased resources, helping Ateme to maintain and enhance its technological lead in video compression. This funding will also support Ateme's international expansion. Thanks to its subsidiaries located in Montreal (Canada) and Tokyo (Japan), and its distribution network covering Europe, North America and Asia, exports comprised 45% of Ateme's total turnover for the fiscal year 2005.
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'XAnge and Ventech are renowned investors, especially in the Information Technology sector'.
'This investment will enable Ateme to accelerate the development of our service and product businesses and enlarge our customer reach in Asia and North America'.
'The next Ateme subsidiary will shortly open in the Silicon Valley', said Michel Artieres, CEO of Ateme.
Further reading
Tokyo office is full of eastern promise
Ateme has opened an Office in Tokyo and appointed Yasushi Kato as Sales Director for Japan
The ratio of export sales should reach 60% of the company's total turnover in 2006.
Founded in 1991 and headquartered in France, Ateme is an expert in the field of advanced video compression technology, and a valuable partner for many major silicon vendors.
Its leadership in MPEG-4 encoding results from a continuous research effort over the last few years.
Today, Ateme reckons its products represent a guarantee of superior visual quality while maintaining low bandwidth.
'We were impressed by the quality and performance of Ateme's video compression technologies'.
'This already well-established company owns a unique expertise and perfectly fits with our investment strategy, consisting in the support of leading and expanding technological companies', said Herve Schricke - President of XAnge Private Equity.
Ateme's portfolio includes a range of video compression IP: MPEG-4 AVC/H.264, MPEG-4, WM9 / VC1, development platforms and production-ready designs.
The various product ranges have been designed with broadcast/broadband, video security or streaming media applications in mind and are particularly appreciated by the largest players in these markets.
'As shown by the recent acquisition of Scientific-Atlanta by Cisco, the two worlds of datacomms and consumer electronics are clearly colliding, and this is creating many opportunities for new high-growth businesses'.
'The development of video over IP networks will be one key application and Ateme has the widely recognised products and know-how to be a leading player in the compelling segment of MPEG-4 signal processing', says Jean Bourcereau, General Partner, Ventech.
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