Vantrix Secures $12 Million in Series B Funding

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Vantrix Corporation (http://www.vantrix.com), a leading provider of mobile multimedia adaptation and delivery solutions, today announced that it has secured USD $12 million in Series B financing, led by Chicago-based JK&B Capital. Existing investors Summerhill Venture Partners (the venture arm of Bell Canada Enterprises), Entrepia Ventures, BDC Venture Capital, and Innovacom (the venture arm of France Telecom), have also participated in this round. Vantrix will use the proceeds from the Series B round to expand the company's operations globally and to invest in infrastructure and R&D to support the company's rapidly growing customer base.

Vantrix's market momentum is remarkable and continues to accelerate. Live video and audio streaming and delivery, video over WAP and cross-platform multimedia alerts are some of the applications that Vantrix powers and we believe the company is poised for very significant growth in the coming years.

    "Media companies and wireless operators face two types of problems when it comes to stimulating consumption of mobile content: device fragmentation and the lack of scalable business models," said Ali Shadman, Partner at JK&B Capital, who has also joined Vantrix's board of directors. "Vantrix possesses the intellectual property and vision to solve both problems and facilitate the mass market adoption of mobile media. Vantrix's unique technology and strong management team makes a very powerful combination. We are excited to help Vantrix capitalize on the many opportunities ahead."

Joe Catalfamo, Managing Director of Summerhill Venture Partners, added, "Vantrix's market momentum is remarkable and continues to accelerate. Live video and audio streaming and delivery, video over WAP and cross-platform multimedia alerts are some of the applications that Vantrix powers and we believe the company is poised for very significant growth in the coming years."

"We are proud to see our strategy validated by this new round of financing," commented Manish Jha, CEO of Vantrix. "Delivering rich media on mobile phones should not be hindered by obstacles such as the fragmentation of devices, screen sizes, codec types, content formats, media player characteristics and network incompatibility issues. Vantrix helps content providers and carriers worldwide overcome these barriers to deliver ubiquitous and compelling new mobile services to consumers."

In conjunction with the financing, Vantrix also announced the opening of a new sales and R&D office in Bangalore, and the expansion of its New York office.

About Vantrix

Vantrix is a leading solution provider of mobile media services, enabling the scalable delivery of mobile TV and video on demand, as well as messaging, advertising, and live audio streaming. Deployed by leading content providers and mobile operators worldwide and used by over 500 million mobile users globally, our award-winning products maximize revenue and subscriber loyalty by delivering a consumer experience that is optimized based on the characteristics of each specific device and network, without the need for a client-side application. Vantrix is based in Montreal, Canada with points of presence in the U.S., Europe, the Middle East and Asia. Vantrix supports and participates in such standards bodies as 3GPP, 3GPP2, the Mobile Marketing Association (MMA), the dotMobi Advisory Group and the Open Mobile Alliance (OMA). For more information, visit Vantrix at http://www.vantrix.com.

About JK&B Capital

JK&B Capital is a venture capital firm focused in the software, IT and communications markets with over $1.1 billion of capital under management. Founded in 1996, JK&B has built a track record of generating exceptional returns for investors by identifying and investing in companies with technologies which have been critical to the growth of the world's information economy. Visit JK&B Capital at http://www.jkbcapital.com.

About Summerhill Venture Partners

Summerhill Venture Partners is a leading Venture Capital (VC) firm with a North American focus that invests in early stage innovative companies in communications, digital media and information technology. Formerly know as BCE Capital, the partners and predecessor organization, since 1987, have backed more than 40 emerging growth companies and their entrepreneurs, many of which have gone on to be leaders in their respective industries. With offices in Toronto, Ottawa and Boston, Summerhill Venture Partners maintain a unique affiliation with Bell Canada Enterprises, Canada's largest communications company. Visit Summerhill Venture Partners at http://www.summerhillvp.com.

About Entrepia Ventures

Entrepia Ventures invests in private, technology-based, expansion-stage companies that stand to benefit from market or technology affiliation with Japan. Operating out of offices in Santa Clara, Montreal and Tokyo, and increasingly recognized as the "go to Japan" fund, Entrepia helps its portfolio companies generate incremental top-line growth to become more competitive, successful and valuable. Anchored on access, relationships, a hands-on approach, and on-the-ground presence, Entrepia's "Japan link" strategy is directed towards investment opportunities worldwide in IT, communications, electronics and core technologies. Visit Entrepia at http://www.entrepia.com.

About BDC Venture Capital

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 different companies. It currently manages approximately $600 million in venture capital assets invested in the areas of Life Sciences, Telecommunications, Information Technology, Advanced Technologies and Funds Investments. Visit BDC at http://www.bdc.ca.

About Innovacom

For over eighteen years, Innovacom has helped launch innovative telecommunication and information technology startups such as Business Objects, Cobalt Networks, Gemplus, Infovista, Intershop, Kelkoo, LastMinute.com, Micronas, Soitec, and Tumbleweed. With over 400 million euros under management, Innovacom is an active early stage investor in Europe and North America, focused on the components, hardware, software and content that improve the ability of carriers to deliver services and enable corporations to work more efficiently. Visit Innovacom at http://www.innovacomvc.com.

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Vijay S. Chattha
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