2008-04-03 23:38:55 -
www.extensis.com - Extensis Nicole Andergard, 503-274-2020 ext. 129 press@extensis.com Extensis(TM) (www.extensis.com), a brand of Celartem, Inc. (Hercules: 4330), today announced an equity investment in, and technology partnership with, Equilibrium(R) (www.equilibrium.com), the leading provider of automation software for rich media distribution.
"There is a great synergy between the Portfolio(TM) and MediaRich(R) product lines making this
partnership valuable for Extensis on many levels," said Extensis General Manager Brian Berson. "Not only does it open the door for a technology partnership between our Extensis Portfolio Digital Asset Management (DAM) products and Equilibrium's MediaRich products, but it is also a strategic move into the growing video distribution market."
This alliance demonstrates Extensis' commitment to extending its capabilities in the Digital Asset Management (DAM) market. Equilibrium's powerful MediaRich imaging and video distribution engine offers complementary technology that adds tremendous value to this objective.
"With over 200 man-years of research and development invested to date in Equilibrium's MediaRich's CORE technology we are successfully powering some of the largest B-to-B portals, web 2.0 infrastructures and websites in the world," said Sean Barger, Founder, Chairman and CEO of Equilibrium. "This investment, coupled with increased distribution, will give us the fuel to quickly ramp our development of video monetization systems."
The capital investment by Extensis results in a minority ownership of Equilibrium and one seat on the Equilibrium Board of Directors. The agreement was finalized this week following approval by the Board of Directors of Extensis' parent company, Celartem Technology, Inc.
About MediaRich
Equilibrium MediaRich automates image, sound and video productions and enables the multi-channel delivery of any media assets. MediaRich is a scalable, high volume media distribution and repurposing engine. It enables today's companies to leverage dynamic editing and delivery for the real-time creation of graphics, audio and video files on-demand to any device. MediaRich seamlessly integrates with any Digital Asset Management (DAM) or Content Management System (CMS).
About Extensis
Extensis is a software developer that allows creative workgroups and professionals to streamline their workflow and securely manage their digital assets and fonts. Extensis' award-winning client/server and desktop products are used by hundreds of Fortune 5000 companies and include Suitcase Server, Font Reserve Server, and Universal Type Server for server-based font management, Suitcase for single-user font management and the Portfolio suite for digital asset management (DAM). Extensis was founded in 1993 and is based in Portland, Oregon, and the United Kingdom. Extensis is a division of Celartem Inc., which is wholly owned by Celartem Technology Inc., (Hercules: 4330). For additional information, visit
www.extensis.com or call 1-800-796-9798.
About Equilibrium
Equilibrium, the world leader in media processing since 1992 when it released the first automated graphics processing software, DeBabelizer, now leads the monetization of the next-generation Internet revolutions: music, video and mobile. Media companies can break through traditional limits in mass-produced media using Equilibrium's unique, high-powered MediaRich engine for real-time personalization and delivery of music and video to everything - even mobile. Equilibrium offers its powerful solutions to the desktop, workgroup, enterprise and web-server, delivering the same core technology for cross-platform interoperability and integration virtually anywhere.
Extensis and Extensis Portfolio are trademarks of Celartem, Inc. Equilibrium and MediaRich are registered trademarks of Equilibrium.
¶ Deal Includes International Distribution Rights for the
Equilibrium MediaRich Product Line and Sets Stage for a Technology
Partnership with Extensis Portfolio Products
