Penthera Partners Completes Equity Financing
NEW YORK, Oct. 10, 2017 /PRNewswire/ -- Penthera Partners, creator of industry-leading download-to-go (D2Go) software, today announced that Liberty Global Ventures has led a $6 million investment round in Penthera Partners, Inc.
Liberty Global Ventures is the venture investment arm of Liberty Global International, the world's largest international cable company and a Penthera customer. Liberty Global Ventures makes early- to late-stage venture investments.
"I am truly excited that Liberty Global will help us grow Penthera and realize the full potential of our technology. Proceeds from this financing will be used to expand our worldwide sales efforts and accelerate the development of new products and enhancements to our existing products," said Michael Willner, CEO, Penthera.
Dan Hennessy, Chief Technology Officer (Europe) for Liberty Global said, "After vetting available technologies we were impressed with the feature sets included in Penthera's SDK. Whether it's for viewing video when connectivity is limited, intermittent or expensive, downloading is a feature we know customers want and will value greatly, which is why we decided to invest in the company."
About Download-to-Go and Cache&Carry
With D2Go, consumers can watch video content when they don't have access to a suitable internet connection. Penthera's patented D2Go solution, Cache&Carry(TM), includes built-in DRM support, enabling the fastest download speeds. Unlike other D2Go solutions, with Cache&Carry downloading continues reliably while end-users check email or use other apps on their devices. Downloads continue even when the device is locked or in sleep mode, allowing for subscription and push downloads. Cache&Carry also supports configurable business rules such as custom expiry of video files, the ability to determine download order, or to automatically pause the download if the device battery or memory are low.
Penthera also provides robust mobile DVR capability, allowing users to subscribe for daily/weekly downloads of a favorite show with just one click. Cache&Carry also includes FastPlay(TM), a buffer-free video launcher that starts live streaming the moment play is pressed, without the start-up delay that causes buffer rage.
"Download-to-go has become an OTT staple, available on the most popular streaming services, such as Netflix, Amazon Prime, Showtime and Starz," said Dan Taitz, COO, Penthera. "Cache&Carry has been implemented successfully by providers servicing millions of end-users and we continue to offer a premium service to that segment of the marketplace."
For more information, please visit www.penthera.com.
For more information, please visit www.libertyglobal.com
For more information, contact:
Linda Haugsted
Bob Gold & Associates
310-320-2010
Linda@bobgoldpr.com
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SOURCE Penthera
