Personal media technology firm TigerSpike has closed an $11 million minority equity financing from Aegis Media.
This funding will accelerate TigerSpike’s future growth plans, expand its product group and extend its reach into new markets.
TigerSpike’s personal media technology solutions (that enable organizations to form closer relationships with their content users) have led them to be recognized by the Deloitte Technology Fast 50 during each of the last four years and they expect to accelerate this growth by leveraging Aegis’ global network as it expands from hub offices in Sydney, London and New York.
“The hyper growth in mobile media adoption globally is creating tremendous opportunities for all organizations and content providers to more effectively engage with a growing number of connected users any time, any place, and on any device,” said Jerry Buhlmann, CEO of Aegis Group plc.
“TigerSpike’s technology platform is ideally suited to optimize the creation and delivery of highly sophisticated content to all flavors of personal media devices. We have been impressed by the Company’s technology, people, and rapid growth in the marketplace. The quality of the user experience delivered by TigerSpike is second to none – just look at The Economist ipad app!”
In addition to blue chip publishing customers such as News Corp, The Daily Telegraph, and The Economist, TigerSpike’s platform is being used by a rapidly growing number of enterprise and consumer brand organizations such as AutoTrader, Diageo, Pepsi, ResMed, Tetrapak and Woolworths.
“We are seeing a huge demand now from Enterprise for Tablet and phone apps and as large corporations take advantage of these new devices,” said Luke Janssen, Founder and CEO of TigerSpike. “The first wave of mobile was consumer focused, the second wave of mobile is enterprise related. It is now upon us and our newly announced partnership with Aegis will provide us with the resources we need to remain at the forefront of these huge growth opportunities. We are thrilled to have Aegis Media join us as a strategic investor in TigerSpike. Aegis’ global reach and leadership position in helping brands communicate with consumers will give our technology platform and culture of innovation a shot in the arm that will enable us to accelerate our high growth even further and offer a future proof solution to our customers for years to come.”