Kontiki Announces New Customers, Partnerships and the Closing of an Initial $5.1M in
Series C Funding
Sunnyvale, Calif. — February 29, 2012 — Kontiki, the leading provider of cloud based enterprise video solutions and superior content delivery, continues to build momentum on increased demand for enhancing employee communications. Today, Kontiki is announcing new customers, new partners, and the closing of an initial $5.1M round of Series C financing.
Kontiki, whose solutions are deployed at many of the world’s largest companies in the financial services, retail, technology, telecommunications and manufacturing market sectors, extended its blue chip customer list in 2011 to include American Airlines, Nestle, H.J. Heinz, Pillar Hotels and Plante Moran. These organizations are using Kontiki’s technology to deliver high quality videos on demand and live events on a global basis.
Along with new customers, Kontiki also added new strategic partners that include TalkPoint, the leader in global communications technology, specializing in browser-based audio and video webcasting and NewsGator, an enterprise social computing company delivering a wide range of social capabilities to Microsoft SharePoint users through its tight integration with the entire Microsoft stack. The Kontiki Enterprise Video Platform (EVP) easily integrates with TalkPoint’s video webcasts, a best-of-breed webcasting solution. TalkPoint’s comprehensive solution offers the additional social engagement for live events that businesses demand and is the perfect complement to Kontiki’s unsurpassed delivery technology. The Kontiki EVP also integrates directly with NewsGator’s social computing suite, Social Sites 2010, enhancing productivity and business performance by significantly streamlining employee information access. NewsGator’s Video Stream solution package for Social Sites 2010 makes it easy for organizations focused on employee engagement to integrate a user-friendly social experience into Microsoft SharePoint, establishing the collaboration platform as the single, central go-to resource for enterprise content. Pairing NewsGator’s focus with Kontiki’s cloud-based delivery technology ensures not only the engaging social experience users expect, but also the high quality video viewing experience they demand, without impact to the corporate network.
As a testament to the promising future of the company, existing Kontiki investors MK Capital, New World Ventures, Cross Creek Capital, Hatteras Funds and Kontiki Chairman of the Board, Todd Johnson, renewed their commitment to the company with an initial Series C financing investment of $5.1M., which will be used to accelerate Kontiki’s growth and exploit market momentum. Kontiki is focused on continuing to deliver high quality video that furthers employee engagement and helps support enterprise goals.
“We are pleased to announce these important new customers and partners and the completion of this initial round of funding for Kontiki from our existing investors. Kontiki’s Enterprise Video Platform (EVP) allows every business to easily and efficiently accelerate their use of video across the enterprise in support of engagement initiatives. Our cloud-based solution runs over your existing infrastructure, requiring no additional hardware or bandwidth upgrades. The Kontiki solution provides optimal enterprise video delivery that is secure, scalable, cost-effective and network-friendly,” said Dan Vetras, president and CEO, Kontiki.
“As the usage of video continues to accelerate in the enterprise, companies will increasingly seek out solutions that can provide quality video delivery, without disrupting the network. These companies need to find a solution that can reach and engage all their employees, everywhere and on any device,” said Mark Koulogeorge, Managing General Partner, MK Capital. “We continue to believe in Kontiki’s robust technology and the efficiency and scalability it provides compared to traditional hardware-based solutions.”
TalkPoint is an industry leader in global communications technology, specializing in browser-based audio and video webcasting. Since 1998, TalkPoint’s easy-to-use, Software-as-a-Service (SaaS) cloud platform has facilitated more than 20,000 live webcasting events per year for the top Fortune 500 and FTSE 100 companies. From investor relations and corporate communications to product launches and continuing education, TalkPoint offers scalable and flexible technology to meet today’s business communication needs. For more information, visit www.TalkPoint.com.
As a Microsoft Gold Certified and Depth Managed Partner, NewsGator is helping over three million paid users in industries across the globe propel the future of productivity. NewsGator Social Sites delivers robust social technology to the enterprise with proven scalability and security to flagship clients like Accenture, Adidas, Deloitte, Ericsson, General Mills, JPMorgan Chase & Co., Kraft Foods, Merck & Co., Unisys Corporation, and the US Army. No other social software vendor can rival our deep integration with the entire Microsoft stack – reducing your total cost of ownership while increasing adoption, collaboration, and innovation. And for all that, Microsoft honored us as its 2011 US Partner of the Year. We’re making SharePoint and Office365 social. Follow us on Twitter @newsgator and at www.newsgator.com.
About MK Capital
MK Capital is an established venture capital firm with offices in Chicago and Los Angeles. MK Capital invests in emerging companies that fall into the categories of digital media, software, data center automation, and education technology. Its digital media companies generate unique content, provide differentiated infrastructure, or deliver value added services. MK Capital leverages deep operating experience and sector insights to collaborate with its portfolio companies on strategy, operations, and technology while growing enterprise value.
About Kontiki, Inc.
Powered by innovative technology, Kontiki pioneered the enterprise video platform and enterprise content delivery networks, providing superior cloud-based content delivery across the enterprise. Kontiki’s video solutions enable consumer-grade video engagement with enterprise-grade control over video delivery for the world’s largest companies, including American Airlines, Wells Fargo, Nationwide and Nestle, serving nearly 1.5 million users worldwide. Kontiki offers organizations the unique ability to globally deliver video on demand or live broadcasts to 100% of their employees, regardless of location, and to the full range of today’s business devices, including smart phones and tablets, without congesting networks or compromising video quality.