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08/04/2010

Venera Gains Investment Funds

A leading digital multimedia solutions company, Venera Technologies, has announced that Valuable Group has completed an equity investment in Venera.
The funds raised from the arrangement will continue the growing success and enable the acceleration of its marketing and sales activities for Pulsar in the global market place.
Pulsar is an Automated Content Verifier solution designed for broadcasters, content providers and service providers globally.
The relationship between Venera and Valuable Group has been established over a number of years when Venera provided vital solutions to Valuable Group companies such as UFO Moviez and Entertainment and Sports Direct (ESD).
Sanjay Gaikwad, Managing Director of Valuable Group said: "We are absolutely delighted to partner with Venera.
"Investing in Venera is a strategic decision and represents significant potential for both our businesses.
"We believe that Venera's technical strength, combined with in-house expertise and dedication has the potential to become a significant global player, and as Valuable Group, we are looking to leverage that knowledge to further benefit other companies in our Group as well."
Deepak Sharma, Chief Executive Officer, Venera Technologies added: "We are very excited about partnering with Valuable and we believe that this will be a mutually beneficial relationship. Venera has great plans for the global market and this alliance with Valuable will help us reach our goals faster."
(BMcC/GK)
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