DoCoMo Capital Takes Stake in Cooliris
Missed posting this when we were in Singapore last week for CommunicAsia; DoCoMo Capital grabs stake in Cooliris: http://bit.ly/OhrZBC
Interesting little backgrounder on this crew, that somehow even Forbes missed, was they developed the Gallery app for Android and then recently sold AdJitsu to SingTel’s Amobee for a ‘cool’ $321M.. [Eds]
Cooliris, leader in immersive digital media experiences, announced today that DOCOMO Capital Inc., the venture arm of NTT DOCOMO, INC., Japan’s largest mobile communications operator, has invested an undisclosed amount in the company. This strategic investment will strengthen Cooliris’ presence in the Japanese market and accelerate the global penetration of its mobile rich media applications.
“Consumers are keen to enjoy apps that enable a rich experience in their everyday mobile communications,” said Eisuke Miki, President and CEO of DOCOMO Capital. “Cooliris is an innovative company that has profound expertise in visual communications. We are pleased to participate in the financing round as a new strategic investor.”
With the upcoming launch of the new Cooliris app on mobile platforms, Cooliris will continue to further boost its position as a leader in visual rich media experiences.
“DOCOMO is an ideal strategic partner for us to expand our reach to Japanese customers,” said Soujanya Bhumkar, Cooliris CEO. “With LiveShare in the market and the new Cooliris app coming soon, we hope to accelerate our success and bring more awesome media experiences to Asia and beyond.”