Vectormax has filed a notice of an exempt offering of securities to raise $30 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Vectormax is raising $30,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Thomas Pragias played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Vectormax
In todays economic and competitive environment, VectorMax is in a unique position to be able to deploy our IPTV software solution at an accelerated rate on terms the industry previously thought not possible. The solution is commercialization of $77 million of research and development conducted by alum from MIT, Bell Labs, IBM, DARPA, and MPEG. Its live and revenue generating making it fully demonstrable against other solutions both validating the software and business model. The end-to-end live linear platform blends the best of cloud and on-prem operating with: o Total Cost of Ownership 3X less than our competition (US) o Qualitatively superior performance against other solutions o Quantifiably demonstrable Carrier CapEx and OpEx savings That gives us a lot of room to dance. We are rolling-out globally in this competitive and inflationary environment to both wired and wireless carriers looking for an executable and affordable edge. Carriers know they may have to reduce their ARPU, or swallow additional costs, but cant afford to reduce their margin. Our solution allows them to correct for market realities and still retain their margin. Additionally, in the case of the new ad-supported business models like FAST, we minimize the barrier of entry allowing them to monetize their entire subscriber base. The solution stands out with a moat created from R&D. To date, its harvested 14 major patent groups backing 45 worldwide patents including deep development focus on software-based IP transport delivery technologies highly relevant today and even more relevant over the decade ahead. Specifically of interest, is our pioneering of several technologies that increase the efficiencies in delivering IP video over large scale, perfect and imperfect networks.
To learn more about Vectormax, visit http://vectormax.com/
Contact:
Thomas Pragias, Chief Executive Officer
516-672-2505
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