Transaction Reports RAMP
RAMP Inks $15M Series C
Legal advisor to RAMP: RAMP Inks $15M Series C Financing
RAMP, the leader in next generation search and video experiences, recently announced a Series C financing led by New York-based StarVest Partners. RAMP was represented by the Boston-based law firm Burns & Levinson LLP.
Financial advisor to RAMP:
As part of the transaction, Deborah Farrington, co-founder and General Partner at StarVest will be joining RAMP’s board of directors. StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to $40 million for the company.
To date, RAMP has built a leadership position in helping media companies, including brand names such as Comcast, Fox, ABC, Meredith, Hearst, NFL and others, create more value from their digital
content assets, including digital video, using its patented MediaCloudTM platform. In addition to the continued investment and expansion of its leading media solutions, the new financing will enable enterprises to get more value from online video than previously possible. RAMP’s unique approach and core intellectual property delivers a comprehensive solution for enhanced video search, content management, indexing, and publishing, and easy integration and connections to popular enterprise content platforms such as Microsoft SharePoint. RAMP’s scalability will also enable aggressive global expansion to replicate the success from its North American customer base.
StarVest’s Deborah Farrington expressed that “RAMP has created a highly scalable business with a dynamic team serving the explosive opportunities resulting from the growth in video use across media companies and is now poised for success in the enterprise.”
RTL Group RTL Group in joint venture with
Reliance Broadcast Network
Legal advisors to RTL Group:
RTL Group in joint venture with Reliance Broadcast Network
RTL Group, a leading European entertainment company, and Reliance Broadcast Network Limited, one of India’s youngest media conglomerates, announced a joint venture to launch thematic television channels in India, operated by an equally owned joint venture company.
The initial scope of the investment will include two English-speaking TV channels; a reality channel with international content, mainly from RTL Group’s production arm FremantelMedia; and a channel primarily targeting male viewers with action-oriented content.
Legal advisor to Reliance Broadcast Network: Nishith Desai Associates
Andreas Rudas, Executive Vice President, Regional Operations & Business Development, Central and Eastern Europe of RTL Group, says: “RTL Group believes strongly in the Indian market – a market with a young population which loves TV and impressive potential for further growth. We are thrilled to have such a strong local partner as Reliance Broadcast Network for our first broadcasting venture in Asia.”
Tarun Katial, CEO of Reliance Broadcast Network Limited, says: “This joint venture brings Europe’s leaders to India, and Reliance Broadcast
Network is proud to be at the core of creating a revolution in the Indian English entertainment space. We are committed to offering Indian audiences unprecedented international television content, and RTL Group’s extensive library and lineage compliment the partnership perfectly. The synergies, values and visions that both companies share will allow this joint venture to offer value to audiences and marketers alike.”
Mr. Amit Kumar (Partner) led the transaction and was assisted by Saurav Kumar (Principal Associate) and Ambarish (Associate).
They advised RTL Group S.A. on all Indian law aspects related to the joint venture with Reliance Broadcast Network Limited (through its subsidiary),
including structuring, documentation, negotiation and completion.
Their advice was sought on various regulatory issues around the broadcasting license, i.e. change of shareholding and transfer of permission, etc. They were able to resolve such issues pursuant to several rounds of discussion with the Ministry of Information and Broadcasting and providing the clients with answer based on their in-depth knowledge of the sector based on past experiences.
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