In order to maintain its strategic advantage, Knetik must continually update its platform to retain its best-in-space product offering.
Orlando, Florida (PRWEB) October 04, 2013
Knetik Media, a platform development company with expertise in over-the-top video, new media and gaming, has secured DMG Worldwide Consulting, LLC as the lead investor for its upcoming funding round launching the first quarter of 2014.
David M. Greene, an established finance executive, is providing working capital in advance of the next round to continue Knetik Media’s rapid development of its OTT platform for the gaming and new media sectors. DMG Worldwide Consulting will also add strength to the Longwood-based company by providing strategic planning, CFO services, legal services and increased liquidity opportunities.
Knetik Media Chief Executive Officer, Shane Robinett, said the partnership with DMG Worldwide means Knetik Media can fast-track critical development on the Knetik platform and position the company for strong revenue growth in the fourth quarter, throughout 2014 and beyond.
“The influx of capital is going to immediately allow us to add several jobs to our development team,” said Robinett. “David is a dynamic fund raiser with a keen understanding of the capital markets. We look forward to his firm’s efforts leading the Series A financing.”
Greene, who has assisted companies and clients raise more than $100 million, said Knetik Media is poised for explosive growth with its leading over-the-top video platform.
“Knetik Media has an impressive track record of serving telecommunications companies, broadcasters, as well as game developers and publishers both in the United States and globally,” said Greene. “In order to maintain its strategic advantage, Knetik must continually update its platform to retain its best-in-space product offering.’’
Prior to forming his own company, Greene was a Senior Vice President of finance and strategic planning for New York Stock Exchange Company, Dreams Inc. (NYSE:DRJ). He helped shepherd annual company revenue growth from $8 million to more than $150 million, setting the company up for a successful exit strategy.
About Knetik Media (http://KnetikMedia.com)
Knetik Media is a Central Florida-based platform development firm delivering energized advanced media delivery solutions. Knetik Media’s main interests are focused on the successful deployment of dynamic video-on-demand (VOD) and over-the-topology (OTT) solutions, media portal production and management, and online gaming portal services. These services, utilized as both a package or as one unique solution, are assisting telecommunication companies, among other industries, around the globe. For more information about Knetik Media visit http://KnetikMedia.com.
About DMG Worldwide Consulting
DMG Worldwide Consulting, headed by veteran financier David M. Greene, focuses on assisting pre-revenue, start up and young companies to properly fund and execute upon their business plans. The Fort Lauderdale-based firm provides a wide array of capital raises, strategic planning, budgeting, CFO services, accounting, treasury management, internal financial statements production mergers & acquisition due diligence advice.
Office: + 1 407 339 0879
Cell: +1 407 462 2718