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Iwedia secures a new round of funding

Iwedia, which provides software solutions for digital television terminals and engineering services across the digital image chain, today announced a new round of funding.

The French company, founded in April 2004, has just raised 4 million euros from its venture capital shareholders: CDC Entreprises Innovation, I-Source Gestion (C-Source fund), iXCore and Thales Corporate Ventures.

Patrick Desproges, CEO, Iwedia, says: 'Our investors backed this new round of funding to enable us to pursue three priority objectives”.

“Quality requirements will most likely be the differentiating factor in the volume market for “zapper' software (incorporated in adapters or televisions). We intend to strengthen our position on this market to become the benchmark supplier, providing the best value for money.'

“We are also looking to extend our influence in the mid to top-range terminal market by equipping our solutions with features providing added value which is clearly perceived by the public – in particular, digital content-sharing within the home (transported using USB storage or over domestic networks) and digital content storage”.

“Thirdly, we are going to be accelerating development of our offers for digital TV operators. These consist of middleware solutions pre-integrated with access control solutions, benefiting from the advanced security features embedded in new-generation components. These middleware solutions enable operators to offer a wide range of added-value services to subscribers.'

Iwedia develops embedded software solutions for consumer digital terminals. Its chief aim is to reduce manufacturers' and operators' time-to-market for terminals which use state-of-the-art technology solutions.

The company has developed formative partnerships with electronic component manufacturers and conditional access system (CAS) suppliers. Iwedia technology has already been widely deployed by its customers - consumer electronics manufacturers and digital TV operators.

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