Widevine Technologies, provider of downloadable content protection and digital forensics solutions, announced investments by Cisco Systems and Telus. Widevine's products enable the acquisition of premium broadcast and video-on-demand (VOD) content from all major studios and broadcasters. The company currently has over ninety telco, cable, satellite and internet service operator customers.
Cisco invested in Widevine Technologies because of its position in the content protection and digital forensics market and for its open solutions platform approach.
Mathew George, vice president, Telus Ventures, said, "When we looked at the overall market for content protection it became clear that Widevine was by far the most advanced vendor in the space. Widevine provides Telus with maximum flexibility with a proven solution spanning our technical and business requirements for wireline and wireless services. We believe Widevine is the right choice not only for Telus, but for all other telecommunications operators looking to deliver entertainment content—which creates an exciting investment opportunity."
Brian Baker, president and CEO of Widevine, stated, "We are pleased to be supported by one of the world's leading telecommunications operators and the global leading supplier of network and video technology. This investment will enable Widevine to further strengthen our market leadership, product and intellectual property portfolios and customer satisfaction as well as aggressively deliver on our vision of content protection delivered to every device in our operators' network domains."
The Series C strategic round, worth a total of $16 million, includes follow-on investment from VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners.
Widevine
