NEW YORK, April 7, 2015 /PRNewswire/ -- TriPlay, the
next-generation personal cloud company, and the developer of
MyMusicCloud and MyDigipack, today announces that it has secured
$11 million of financing from funds
managed by affiliates of Fortress Investment Group LLC (NYSE:
FIG) a leading, highly diversified global investment firm with
approximately $67 billion in assets
under management as of December 31,
2014, as well as from existing investors, Kenges Rakishev
and Tamir Koch, TriPlay founder and
CEO.
TriPlay will use this latest round of funds to support its
marketing efforts, accelerate its research and development and grow
their existing base of over one million users of its open, next
generation personal cloud services. MyMusicCloud and MyDigipack are
universal applications above the cloud that allow users free
unlimited storage and access to their music, photos and videos on
any device, operating system, file format and network anywhere in
the world.
"As competition between device makers, cloud storage and
wireless providers heats up, consumers are increasingly concerned
about universal access to their valuable and carefully curated
content. As they are applications above the cloud, this will never
be an issue with MyMusicCloud and MyDigipack. With the support of
our investors, our new marketing strategies will focus on informing
users worldwide of this very important feature," said Koch.
TriPlay, the creator of the first patented technology on
cross-platform messaging and sharing, will also utilize the funds
to fortify the strength of its technology by procuring compatible
and complementary technologies invented in the research programs at
Intellectual Ventures, the global leader in the business of
invention.
"Ten years ago we developed and launched the very first
cross-platform messaging technology that is central to much of
today's communications and it is vital that we not only protect it,
but strengthen it with the purchase of supportive technologies,"
concluded Koch.
About TriPlay
TriPlay is a premier cloud
services company, enabling users worldwide to easily access,
manage, share and enjoy their music, photos and videos across any
computer, mobile phone, tablet smart TV or wearable. TriPlay is a
privately held company with offices in New York and Israel. More information can be found at
www.triplay.com
Media Contacts
For TriPlay:
Loren Pomerantz
loren@combined-forces.com
917-902-0219
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SOURCE TriPlay