VividLogic Raises $3 Million Series A Round Funding To Meet Growing Customer Demand; Bear Stearns' Constellation Ventures Funds VividLogic Market Acceleration

Business Wire, Nov 16, 2005

FREMONT, Calif. -- VividLogic Inc., a leading provider of Digital Home Entertainment Infrastructure software, announces completion of its Series A funding round of $3 million led by Constellation Ventures, a Bear Stearns Asset Management family of venture capital funds.

VividLogic is a privately held company, headquartered in Fremont, CA. The company enjoys a significant market share in High Definition TV (HDTV) and Set-Top-Box (STB) network infrastructure, with software deployed in leading CE and STB company products from Samsung, Mitsubishi, RCA, Pioneer, Hitachi and Scientific Atlanta.

VividLogic's FireBus software provides HDTV and STB with the infrastructure to intelligently connect and transfer digital content to one or more networked devices while simultaneously protecting the content from being illegally copied by using 5C content protection scheme.

The company plans to use the funding to accelerate deployment and expand product development and sales channels. Coincident with the closure of the funding round, VividLogic announces that Clifford H. Friedman of Constellation Ventures has been added to its Board of Directors.

"We are delighted to see the commitment and confidence shown by Constellation Ventures, a leading media, communications and technology focused family of venture capital funds, and very pleased to add Cliff Friedman to our Board," said Shiva Patibanda, CEO of VividLogic. "The new funding will allow us to further enhance our product reach and serve a wider range of customers and partners."

"We believe that VividLogic has the opportunity to exhibit significant growth as the cost of High Definition Television Sets, Set Top Boxes, and Next Generation Consumer Electronics devices continue to decline as volume dramatically increases," said Cliff Friedman of Constellation Ventures. "We are quite pleased to have VividLogic leverage the Constellation Ventures family of portfolio companies and strategic relationships to help drive continued growth."

About Constellation Ventures

Constellation Ventures, a Bear Stearns Asset Management family of venture capital funds, manages $450 million in venture capital through offices in New York and Tokyo. The fund invests in early to mid-stage companies that enable the distribution, management and control of information over emerging digital networks. Constellation Ventures provides its portfolio companies strategic value-added services by leveraging its Limited Partners that include Bear Stearns, Sony, Viacom, Dai Nippon Printing, NTT Data, and Toyota. For more information, please visit www.constellationventures.com.

About VividLogic Inc.

VividLogic is the leading provider of IEEE 1394 based Home Networking software on several embedded platforms. VividLogic's FireBus software is deployed in leading brands of Digital TVs, Digital STB, AVHDD and VCRs in the market today. For more information visit www.VividLogic.com.