Milpitas, CA — September 7, 2006 — Niveus Media, Inc., a digital media entertainment solutions company noted for award-winning* media centers, recently announced funding from Intel Capital, the venture capital arm of Intel Corporation. Details of the agreement were not disclosed.
“With the expansion of Niveus’ software development efforts to support the Intel Viiv technology platform for entertainment PCs, Intel Capital is making an early financial investment into our developing technologies, products, and company. Intel Capital’s commitment to Niveus, as well as the company’s dedication to recognize and endow companies worldwide that breed innovation, is truly invaluable,” said Tim Cutting, co-founder and CEO of Niveus Media. “We look forward to pushing the technological advancement of the Niveus product line and expanding in the Intel Viiv technology-based entertainment PC category.”
Niveus will use the funds to expand its product line, technologies and marketing efforts in the custom home electronics marketplace. Niveus’ current line of media centers, which include the Rainier, as well as the company’s flagship product, Denali, and Denali Limited and K2 Editions — all based on Intel Viiv technology – allow consumers to create, store, and access their digital media anywhere in the networked home. These solutions also provide easy-to-use integrated digital entertainment, including live and recorded television, movies, music, photos and radio, that consumers can enjoy when and how they want.
Niveus Media will be exhibiting at CEDIA 2006 in Denver, CO, Booth 710, and will be introducing the latest additions to the Niveus Media Center line-up. For more information on Niveus Media, Inc., please visit www.niveusmedia.com.
*For a list of Niveus awards, please visit: http://niveusmedia.com/pr_awards.htm.
About Niveus Media, Inc.
Since 2002, Niveus Media, Inc. has engineered and manufactured high-performance media solutions that take whole-home digital entertainment to an entirely new level. Niveus is an award-winning manufacturer of high-end Media Centers, storage servers, and advanced control software designed specifically for the consumer electronics market. Committed to providing innovative, integrated digital entertainment devices for the networked home, Niveus has simplified the management and enjoyment of digital media at home.
About Intel Capital
Intel Capital, Intel’s venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.