Scopus Tech raises $15.5m in 2nd financing round

MUMBAI: Scopus Network Technologies, which claims to be a leading supplier of digital compression technology to the broadcasting industry has announced that it has raised $15.5 million in its second round of financing.

Leading Israeli Venture Capital Fund Genesis Partners led the financing round with other investors including industrialist Zohar Zisapel and existing Scopus investors’ Koor Corporate Venture Capital, Pitango Venture Capital, Vertex Venture Capital, Formula Ventures and Catalyst Investment.

Scopus Network Technologies provides complete end-to-end system solutions for the delivery of Digital TV & Data over broadband networks. Its intelligent MPEG-2 and DVB video distribution architecture enables professional broadcasters to make a quick and smooth transition to digital broadcasting. Scopus anticipates an increase of close to 50 per cent in 2003 revenues compared to last year's sales.

Scopus recently announced a breakthrough video network topology to address the growing needs for ‘On Demand’ voice, data and video services. This pioneering concept, the Intelligent Video Network, (IVN), is the first of its kind and heralds a new generation of intelligent video networking solutions.

The IVN supports a comprehensive end-to-end digital compression networked system for video distribution over satellite, cable TV, terrestrial and telecommunications infrastructure. Scopus’ IVN solution, is based on Scopus’ Intelligent Video Gateway, (IVG) that enhances video routing, processing and management as well as supporting On Demand services over broadband networks.

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