Digital Union Secures $1.7 Million Series A Funding - Company Announces Successful TransAtlantic Collaboration
North Hollywood, CA, March 31, 2008 - Digital Union, Inc., provider of the most powerful collaboration software available through standard broadband internet connections, has announced the closing of $1.7 million in Series A funding, led by a group of seasoned business executives from the Midwestern US.
The $1.7 million cash infusion will be used to expand the marketing and distribution of Digital Union’s proprietary collaboration technology. Already being used by a number of institutions in the fields of Healthcare, Advertising, and Entertainment, Digital Union will be able to expand throughout these markets, enhance the technology, and expand its infrastructure.
“We are very excited about the support we have received from this highly qualified group of former Owens Illinois executives,” said Paul Niday, Chief Executive Officer. “This group has already shown real value to our young company in their guidance, insight and contact base.”
About Digital Union
Digital Union creates specialized Collaborative Informatics solutions for the healthcare, education and entertainment industries. DU focuses on the visual decision-making process and its real-time collaboration and content-delivery needs. Users collaborate at any distance, from multipoint locations, in real-time, with a high-speed Internet connection.
Digital Union changes the way Visual Decision Makers (VDM) collaborate by making any location in the world a virtual meeting room in which all parties can share visual and other media. With a simple USB compatible camera/microphone, colleagues can see and hear each other, transmit DVD quality video from multiple sources, exchange technical or clinical data, and create, annotate or edit files simultaneously, all in real time, from the office or on the road. This powerful technology transforms simple video conferencing into true collaboration, with all users equally empowered.
Organizations can seamlessly integrate multiple VDM’s with Digital Union’s solutions. People who are geographically dispersed and mobile can function as a cohesive, integrated team. DU’s collaboration technology reduces travel and communications costs, while enhancing efficiency and productivity.
