Ensequence, an interactive television company, announced it has secured an additional $20m in financing in a round led by Clay Mathile, CEO of CYMI Technologies.
The new funds will be used to allow the New York-based company to continue providing solutions that mitigates the technical complexities of interactive TV implementation and enables its customers to deliver a high volume of interactive TV experiences across cable, satellite and IPTV.
Ensequence has appointed Peter Low, former President and Chief operating officer (COO), to the position of President and CEO. Dalen Harrison, former CEO, will remain on the board of directors and will continue to develop new business opportunities for the company.
Peter Low was reporting as saying: “We’ve made significant strides to position ourselves at the forefront of the interactive television industry.
“The latest round of funding allows us to build on our strong momentum – enabling us to continue offering programmers, distributors and advertisers the most compelling interactive experiences available. This funding represents an extreme vote of confidence in Ensequence in a challenging business environment”.
FinSMEs
21/09/2009