The company, founded in April 2004, raised Euros 4 million from its venture capital shareholders CDC Entreprises Innovation, I-Source Gestion (C-Source fund), iXCore and Thales Corporate Ventures.
Patrick Desproges, CEO, Iwedia, says, “Our investors backed this new round of funding to enable us to pursue three priority objectives. Quality requirements will be the differentiating factor in the volume market for so called “zapper” software incorporated in adapters or televisions. We intend to strengthen our position on this market to become the benchmark supplier, providing the best value for money.”
Desproges added, “We are also looking to extend our influence in the mid to top-range terminal market by equipping adding features such as digital content-sharing within the home (transported using USB storage or over domestic networks) and digital content storage.”
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