New York, NY (PRWEB) October 24, 2007
Palladium Equity Partners, LLC, a New York-based private equity firm, announced today that it has made an investment in DailyMe, Inc., a media company that provides personalized news and information on-demand, delivered across multiple media platforms.
Gary D. Nusbaum, Managing Director of Palladium, said, “DailyMe is a leading media company that is bringing an innovative, quality service to the market combining the best of online and print media. Eduardo Hauser, Founder and President of the Company, is an energetic and visionary entrepreneur with extensive media and technology experience. Eduardo has assembled an impressive team which is combining cutting edge technology with a relevant, consumer-oriented product. They have a unique and compelling business strategy that Palladium is delighted to support.”
DailyMe Founder and CEO, Eduardo A. Hauser said, “This investment by Palladium is an important next step in the development of DailyMe, providing sufficient resources to continue developing DailyMe’s personalized news and community features through our Beta period and beyond. It also acknowledges the importance of personalized, online news delivery as a space to watch as the transformation of the traditional media continues. We are pleased to be partnering with Palladium and look forward to the insight and support Gary and the Palladium team will provide.”
On October 9, DailyMe made the service available to the general public. Different than other online news sources, DailyMe builds a personalized news digest for each reader based on his or her own personal preferences, using choices of news categories, keywords, individual news sources, and pre-configured profiles developed by both the editorial team and DailyMe users. Each user's edition of DailyMe is drawn from a combination of thousands of licensed, professional news sources as well as user-generated content. Further, each user can choose to have DailyMe delivered via the web, sent via email or automatically printed from their personal computer printer at a specified time of day.
Palladium was joined in the investment by prior DailyMe investors Miles Gilburne, a leader in digital media, and Jose Luis Suarez, an international investor.
About DailyMe, Inc.
Based in Hollywood, Florida, DailyMe (http://www.dailyme.com) is a news provider, content platform and social community that allows users to personalize, aggregate, share and interact with the news, blogs, columns and stories of interest to them. Covering everything from world news to wedding planning, DailyMe draws its stories from thousands of sources, including licensed content, syndicated content and user-generated content. DailyMe users can choose the types of stories they want and also choose between online, email and print delivery. By combining the best practices of online newspapers, news portals and traditional print media, DailyMe is changing the way news and information is read and delivered.
About Palladium Equity Partners
Palladium Equity Partners, LLC (http://www.palladiumequity.com) is an investment firm targeting companies in media, business and financial services, consumer/retail, food/restaurants, healthcare and manufacturing. Palladium has a particular focus on companies that are well-positioned to capitalize on the fast-growing U.S. Hispanic market. The principals of Palladium have invested over $2.5 billion of equity in more than 50 portfolio companies over the last two decades. Formed in 1997, Palladium currently has capital under management in excess of $750 million.
For Palladium Equity Partners
David Lilly / Laura Walters
Kekst and Company
Cindy Martin / Farrell Kramer
Farrell Kramer Communications
847-864-9540 / 201-768-5337
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