(PRWEB) August 5, 2009
Scots Dragon Shaf Rasul has invested in a product which aims to revolutionise the way people share and manage their digital images.
Blubox is a quick and user-friendly software application for compressing and sharing digital photos and other large files.
The innovative technology allows users to compress pictures by up to 95 per cent without any loss in resolution or picture quality and also send and receive files 20 times faster.
Rasul - who stars in an online version of the BBCs Dragon's Den alongside American Julie Meyer - has invested £xx in the business and will join the Blubox board as a non-executive director.
"The Blubox consumer experience is unsurpassable and has the power to completely revolutionise the way people manage their digital images," he said.
"We are talking about a consumer facing technology that can compress a ten megabyte file to half a megabyte without any loss in resolution or quality.
"The product also benefits from a web service which allows users to store their images online, giving the ability to access images remotely through your Mac, laptop or iphone.
"It is one of the most exciting products I have ever been involved with and I look forward to working with the Blubox board to realise its massive growth potential across the global consumer markets."
Blubox was initially developed to optimise large BICON images used by the NHS, including monogram and X-rays.
However the senior management team quickly recognised that they had a tool that could be used to optimise content for consumers.
"The capability of Blubox is a very powerful development in the way people manage files," said Blubox CEO Peter Boswell.
"People have not been using this service before because it wasn't properly optimised. However with Blubox you can download and print images quickly and store up to twenty times more data on your backup drives.
"Sharing multiple, full-resolution photos by email is also now practical and you can send up to twenty full-sized pictures, compressed inside a Blubox archive in the time it takes to send a couple of uncompressed photos.
"Shaf coming on board is a landmark stage in the development of the business and we will utilise his experience and high-level contact network to develop commercial partnerships with major players in the hardware, software and eservice markets."
IT and property entrepreneur Shaf Rasul, http://www.shafrasul.com, is one of Scotland's most successful businessmen.
He now features in an online version of the BBC's Dragons Den alongside American Julie Meyer and host Dominic Byrne of the Chris Moyles Radio 1 Breakfast Show.
Edinburgh-based Rasul has an estimated wealth of £48million, according to the recent Sunday Times Rich list.
His core business interests include optical-media distribution business E-Net Computers which he established in 2000. It is now the largest storage media distributor in Europe and one of the biggest buyers of optical storage products in the world.
As well as expanding E-Net Computers, Rasul has developed a venture capital investment portfolio, worth in the region of £30million, which focuses on property, asset management and internet technology. Recent internet ventures include http://www.geeks.co.uk and deal a day site http://www.boffer.co.uk
Rasul also has an arm dedicated to management buy-ins and buyouts, providing teams with the funding, buying power and exposure to the supply and distribution networks required to expand their business.