MONTREAL — Oct. 10, 2012 — X2O Media, a full-service provider of software, network management, and content services for real-time visual communication applications, today announced that it has raised additional equity financing from Propulsion Fund III. X2O will use the funds to increase its presence throughout North America, promote the launch of its new “X2O” platform, and increase the depth of its technology partnerships with industry leaders like Cisco and Microsoft.
“Propulsion has an impressive track record of identifying and investing in businesses that have a strong impact on their industries,” said X2O Media President and CEO David Wilkins. “Their decision to invest in X2O Media affirms our position in the market, and allows us to expand into new market segments where we see significant growth opportunities in driving content across multiple screens, including mobile devices.”
About X2O Media
X2O Media is a software developer of real-time visual communication solutions that significantly improve the effectiveness of enterprise communications. X2O’s solutions facilitate the creation and delivery of rich media content featuring video and 3D graphics to digital displays, desktop PCs, and mobile devices. Applications include corporate news channels, dynamic dashboard channels and interactive employee training channels. More information about X2O Media is available at www.x2omedia.com.