Velocix Announces new capital injection to fuel the company's ambitious growth plans

Cambridge, UK - February 22, 2008

Velocix™ provider of the world's leading Digital Asset Delivery Network, today announced that it has closed a combined US$25m funding package. The round includes funding from Venture Capital firms 3i, Amadeus Capital Partners and Pentech Ventures.

Commenting on the news, Phill Robinson, CEO, Velocix, said, "We are witnessing incredible growth in our market as many leading brands set about creating the next era of digital media on-line. Recent Cisco Systems research suggests that Consumer IP traffic will quadruple in the next four years from 2 Exabytes per month to over 8 Exabytes, fuelled by a massive increase in demand by consumers of large digital assets such as delivery of video, software and games. Neither the internet alone nor traditional CDNs (Content Delivery Networks) can cope with this rapid increase in complex traffic profiles. This timely injection of capital, will allow us to fully exploit the opportunity in front of us and accelerate our growth plans across all business functions, as Velocix becomes the worlds pre-eminent Digital Asset Delivery service enabling the new digital lifestyle".

Velocix was the first company to create a new generation hybrid digital delivery service, specifically designed to meet the performance and quality of service levels demanded by consumers, whilst offering content owners breakthrough on-line economics and full digital asset delivery lifecycle management and control. The Velocix Network, goes beyond traditional Content Delivery Network (CDN) concepts with innovation in multi-sourced Cacheing techniques combined with technological advancements in the P2P (peer-to-peer) world. The Velocix Digital Asset Delivery Network is deployed globally and is optimized for delivery of large digital assets such as video, software downloads and computer games.

Recent estimates suggest the market in the United States alone for on-line video delivery will be worth between US$800m and US$1.4bn in 2008.

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Public Relations Contacts

    Alicia Gonzales or Shenel Otkay
    Lewis, the PR agency, UK

  • +44 (0) 20 7802 2626
  • velocix@lewispr.com

Boilerplate

  • Velocix offers the broadest and most innovative range of digital delivery services available today. The Velocix global network provides an Internet fast lane for digital assets such as video, music, software and games. With Velocix, high quality streamed video plays uninterrupted from start to finish and file downloads complete without failure in a fraction of the time.

    Velocix is relied upon globally by owners of large digital assets to provide unparalleled quality of service and delivery performance, with affordable economics. Velocix does all this whilst providing new levels of control over the global digital asset distribution chain.