Nextel Invests in French DRM Company

Medialive, a French DRM/mobile content protection company, has secured $4.2 million in first round funding from Nextel and Sophia Euro Lab. The capital will be used to expand to new markets. This is the first such strategic funding from Nextel that I’ve heard about…
“Nextel’s technical and business support, in addition to their minority investment, will surely be a tremendous accelerator to Medialive’s growth,” said Guillaume Girard, Partner at Sophia Euro Lab, in the statement…

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