|[December 10, 2012]
Delivery Agent Secures $5 Million Investment from Samsung Venture Investment Corporation
SAN FRANCISCO --(Business Wire)--
Delivery Agent, the leader in shopping enabled entertainment for more
than 350 of the world's leading global media brands, today announced
that it has received a strategic investment of $5 Million from Samsung
Venture Investment Corporation, the venture capital arm of the Samsung
Group. The funding will be used to aggressively expand and manage
the deployment of commerce applications tied to entertainment content
across all connected devices including Smart TVs and mobile.
Delivery Agent's multi-channel commerce platform, which includes the
ability to map and deliver products tied to entertainment and
advertising content, serves longtime clients including - NBCUniversal,
Twentieth Century Fox, CBS, Discovery Communications, A+E Television
Networks, HBO, Showtime, UFC, New York Knicks and more. To date,
Delivery Agent has processed millions of entertainment commerce
transactions -tied to network and cable content - across web, social,
mobile and more recently through the television remote.
"Samsung (News - Alert) is at the forefront of creating new technology and innovative
products that serve the evolving lifestyle of digitl consumers across
the globe," said Mike Fitzsimmons, Delivery Agent CEO. "Delivery Agent's
vision for how consumers will use their televisions and mobile devices
to purchase products related to the entertainment and advertising
content they consume aligns perfectly with Samsung's vision for the
Samsung, number one in the Smart TV category, is a global leader in
digital media and digital convergence technologies with 2011
consolidated sales across business units of US $143.1 billion. Samsung's
investment in Delivery Agent follows an investment made by Intel (News - Alert)
Capital, Intel's global investment arm.
"Samsung Venture Investment Corporation is focused on companies that
have a solid business based on today's market factors as well as a
vision and plan for future-oriented business tied to evolving market
trends," said Ilseok Yoon, Vice President at Samsung Venture Investment
Corporation. "With 85% of tablet owners using their second- screen
device while watching TV and a projected 58% of TV viewing households
expected to have at least one web-connected TV by 2016, Delivery Agent
sits in a powerful position to monetize audiences through their TV
Wallet™ transaction engine and commerce applications tied directly to
the content being viewed on these devices."
About Samsung Venture Investment Corporation
Samsung Venture Investment Corporation manages investment and
investment-related activities for Samsung affiliate companies. The
investment mandate for Samsung Venture Investment Corporation tracks
closely to the strategic priorities of Samsung affiliate companies' core
operating divisions, and encompasses investments in semiconductors,
displays, telecommunications, and consumer electronics.
About Delivery Agent, Inc.
Delivery Agent, Inc., named #1 Privately Held Media Company by Inc.
Magazine and #3 on the Deloitte (News - Alert) & Touche Silicon Valley Technology Fast
50, is the leader in shopping-enabled programming and content
monetization for more than 350 entertainment properties from major media
companies including CBS, NBCUniversal, Twentieth Century Fox, Discovery
Communications, A+E Television Networks, HBO, Showtime, and The
Weinstein Company, as well as for sports organizations including the
Boston Celtics, New York Knicks and UFC. Delivery Agent created the
market for shopping-enabled programming by redefining how products tied
to entertainment are cataloged, merchandised and sold via web, mobile
and television. With offices in San Francisco, New York, Los Angeles,
Denver and London, Delivery Agent deploys its technology platform,
including commerce applications, video and mobile products, and
interactive advertising solutions to create profitable connections
between entertainment content, consumers and brands. More information
about Delivery Agent is available at www.deliveryagent.com.
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