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Creator of User-Generated Reality to Expand Virtual Communications Offerings as Consumer Demand For Instant Messaging, Video Sharing, Interactive TV Increases
Los Angeles, CA – October, 16, 2007 – fix8, a division of Mobinex, Inc., a leader in virtual communications technology, today announced the company has completed Series 1A financing of $3 million from Vickers Financial Group, a Singapore-based private equity firm targeting entrepreneurial cutting-edge investment opportunities on a global scale.
fix8 combines real-time interactive animated video creation and User Generated Content (or reality!) all into one easy-to-use application. fix8 offers users a fully immersive experience through the key integration of avatar technology mixed with creative accessories, voice manipulation, and editing tools to unlock an entirely new virtual universe. At the heart of fix8 is H.E.A.R.T. (Human Expression Analysis & Rendering Technology), which digitizes human expressions and gestures via webcam allowing users to broadcast their videos on popular social networking sites and IM services including AOL, MSN, Skype and Yahoo.
fix8 recently expanded its signature technology through a key partnership with Shanghai Media Group (SMG) offering AuditionsTV to create a new world of Interactive TV where audiences can submit fix8 content for insertion into LIVE or taped programming. fix8 will further bridge the gap between communication devices with the launch of fix8 MOBILE.
"Our investment in fix8 is in response to ever-increasing consumer demand for User Generated Content from instant messaging to video sharing and interactive TV," said Managing Director, Jeffrey Chi, Vickers Venture Partners. "fix8 is well-positioned to lead virtual communications for UGC, and we look forward to supporting their expansion."
In-Stat estimates global UGC revenues will grow from $80 million in 2006 to $1.6 billion by 2011. IDC estimates enterprise IM will grow from 40 million users in 2007 to more than 140 million by 2009, making it the fastest growing communications medium of all time.
"From camera-to-camera chats to webcasting, video blogging to interactive TV – fix8 allows consumers to unlock their creative desire for expression through a new world of unique, rich animated content," said CEO, Linh Duy Tang. "We are pleased to be aligned with Vickers, which understands the significance and monetization of User-Generated Content, a phenomena that has broad international appeal."
fix8 a new media company that blends Internet, television and mobile platforms with rich, live streaming animated video creation, editing and sharing capabilities. fix8 is a FREE, fun, creative new way of communicating and inspired AuditionsTV, a powerful platform for broadcasting high quality, real-time media to support interactive TV. fix8 was recently named one of Launch: Silicon Valley’s "Top 30 Tech Innovators 2007." Developed in response to rapid growth in video sharing, social networking and user-generated content, fix8 is the future of rich interactive communication. Headquartered in Los Angeles, fix8 has offices in China and Vietnam. fix8 is a division of Mobinex, Inc. Cr8 – Rel8 – Communic8. Download at www.fix8.com. Download at www.fix8.com. fix8 China can be found at www.fix8.cn.
About Vickers Venture Partners
The Vickers Financial Group is the venture capital arm of the Vickers Capital Group, an Asian investment house investing in alternative assets. Vickers Venture Partners is a leading venture capital firm focusing on early stage, high growth companies focused on Asian markets. The firm’s competency stems from the fact that its decision-makers have been part of and hence well-acquainted with the pulse of diverse domains.
Editor’s note: The views expressed in this post may not necessarily represent the views of CenterNetworks. This press release was provided in its entirety by fix8.