[January 17, 2013] |
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Levels Beyond Secures New Funding from TVC Capital to Fuel Growth
DENVER --(Business Wire)--
Levels
Beyond, a software company providing streamlined media management,
distribution, optimization and monetization capabilities for video
content producers, today announced the receipt of a $4.5 million Series
A investment from TVC
Capital, a San Diego-based growth equity firm focused on investments
in and acquisitions of software and software-enabled service firms.
Some of the world's largest and most sophisticated media
companies license Levels Beyond's Reach Engine software, including:
-
Two of the top five multi-system operators (MSOs) in the United States;
-
Two of the top five most popular sports leagues in the United States;
and
-
Two of the largest programming networks in the United States.
"Leveraging extensive Tier 1 customer experience, the Levels Beyond team
has built a leading end-to-end media workflow and distribution platform. Reach
Engine allows content owners to meet the ever-changing needs of
consumers that demand content where they want it, how they want it, and
when they want it," said Jeb
Spencer, co-founder nd managing partner of TVC Capital. "TVC is
excited to be a part of Levels Beyond's continued growth and
development. The company has an incredible market opportunity given
video's explosion in the marketplace and changing media consumption
trends." As part of TVC's investment, Mr. Spencer will join the Levels
Beyond board of directors to provide strategic direction and counsel.
According to Art
Raymond, CEO of Levels Beyond, this round of financing will enable
the company to expand the sales, marketing and business development
functions of the company and accelerate the innovation of its technology
and product offerings. In particular, the investment will be used to
further develop and market Reach Engine's hybrid cloud offering which
bundles localized video production (Reach Engine Studio) with
cloud-based library management, file processing, approval workflows and
distribution services (Reach Engine Stage).
"Today our Reach Engine software manages over one million digital video
files every month, delivering both short and long-form content to every
medium on every continent. TVC Capital's investment will help fuel
product development and enable us to deliver new video monetization
models for our clients," said Raymond. "TVC recognizes, like so many of
our clients, that no matter the scale or substance of the content - from
promotional clips to commercials to full-length films - the Reach Engine
platform is the ideal technology solution for today's evolving media
landscape."
Levels Beyond's Reach Engine enables media organizations, live event
producers, production houses, advertising agencies and corporate media
departments to securely and seamlessly streamline complex workflows
around video creation, library management, packaging and distribution to
traditional and non-traditional media outlets. Compatible with all major
digital content creation hardware and software, Reach Engine's focus on
integration and open standards allows customers to meet the demands of
rapidly changing media distribution and consumer landscapes.
About TVC Capital LLC
TVC Capital is a San Diego-based private equity firm focused on
investments in and acquisitions of software companies and
software-enabled service firms. TVC Capital targets a wide spectrum of
software sectors and industry verticals that are poised for growth and
consolidation. The TVC team is led by Jeb Spencer, Steven Hamerslag and
Chris Noser, operating executives with more than 60 years of experience
growing technology companies into market leaders. TVC Capital portfolio
companies included Accordent Technologies (News - Alert) and Del Mar Datatrac, and
current investments include Limeade, Anametrix, Mercent Corporation and
iQ for Business. For more information, visit www.tvccapital.com.
About Levels Beyond
Levels Beyond, the creator of Reach Engine, is a software company
providing streamlined media management, distribution, optimization and
monetization capabilities for video content producers. Reach Engine
enables media organizations, live event producers, production houses,
advertising agencies and corporate media departments to securely and
seamlessly streamline complex workflows around video creation, library
management, packaging and distribution to traditional and
non-traditional media outlets. Compatible with all major digital content
creation hardware and software, Reach Engine's focus on integration and
open standards allows customers to meet the demands of rapidly changing
media distribution and consumer landscapes. Levels Beyond is based in
Denver and has offices in Los Angeles and London. For more information,
please visit www.levelsbeyond.com.

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