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Monday, May 24, 2010

2 million Euro investment for mobile video company Oonair

OonairBarcelona-based Oonair, which enables companies to capture and publish video from a mobile device to the web, has received a €2 million equity investment through Spanish private equity fund bcnHighgrowth.

It says this equity investment will enable it to further develop its technology and will strengthen commercial development at a national and international levels - preparing Oonair to become the ultimate mobile content generation tool for media groups, engineering companies, emergency service and multinationals requiring the oversight of remote projects while reducing costs.

Rafael Terradas, Oonair's CEO, said "Oonair is a young company comprised of strongly committed individuals who combine passion for technology development and business strategy knowledge. In a short period of time, Oonair has grown to become the solution chosen by leading media groups in different markets. Oonair’s technology enables best quality live mobile streaming regardless of file size and most importantly, anywhere and at any times."

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Author: The Fonecast
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