Company Logo Monday, November 08, 2004

DiskStream secures $2 million in seed financing from Tech Capital Partners

Media management solution identifies and tracks audio and video automatically

WATERLOO, CANADA, November 8, 2004 – Tech Capital Partners today announced $2 million in seed financing to DiskStream Inc., a developer of media management solutions.

New challenges are facing the professional film and video post-production industries as it moves from traditional tape- and film-based material to digital media stored in computer files. The transition to new media file formats, the increasing interchange of files between competing vendors, and the need for new media management and storage technology to leverage these changes, are reshaping the industries.

“The post-production and broadcast industries are recognizing the importance of efficiently and accurately managing the large amounts of metadata that describe an organization’s media assets,” said Andrew Abouchar, Partner, Tech Capital Partners. “DiskStream is positioned to capitalize on this significant market opportunity.”

“DiskStream’s media management solution allows post-production, broadcast, and cable companies to identify and track audio and video automatically as it moves through their facilities,” said DiskStream co-founder, Jim Trainor. “We have designed a solution that anticipates and addresses the needs of these organizations, while making media management technology open, accessible, and affordable.”

About DiskStream Inc.
DiskStream is creating a new class of products for post-production, broadcast, and cable companies that integrate extensive media management capabilities into the fundamental operation of a network attached storage device. To obtain more information on DiskStream’s media management solution, please visit http://www.diskstream.com.

About Tech Capital Partners Inc.
Based in Waterloo, Ontario, Tech Capital Partners manages $35 million in venture capital. Tech Capital provides seed financing, hands-on leadership, market strategy and operational guidance to early-stage technology companies that have the potential to compete at a global level. Since its inception in 2001, Tech Capital has invested in some of the region’s most innovative high-tech companies, including Covarity, Handshake VR, Sandvine, Sirific Wireless and VideoLocus. An active advocate of innovation and entrepreneurialism, Tech Capital maintains a strong presence in Waterloo’s thriving technology community. More information is available at http://www.techcapital.com.

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