OMERS Ventures, the venture capital investment arm of the OMERS pension plan, announces Kevin Kimsa is joining its team as Venture Partner. In this role Mr. Kimsa will support both early and later-stage growth portfolio companies in the North American market, with a focus on the Technology, Media and Telecommunications (TMT) sectors.
Fusebill's software automates invoicing, billing and collections of subscription revenue for small and medium businesses. The software allows subscription based companies to focus on the other important drivers of their businesses, leaving the complexities of billing and collections to the experts. The company's platform manages recurring billing needs throughout the customer lifecycle – account creation, recurring invoices, payments, and customer communication. This saves time, reduces costs, and improves their ability to manage their customers. This kind of solution is a necessity for online and offline customers alike and Fusebill is providing these capabilities through its platform.
Fusebill, a leading provider of automated, flexible and affordable subscription billing and payment solutions, is announcing a $2 million investment led by OMERS Ventures, the venture capital investment arm of OMERS, one of Canada's largest pension plans. Covington Capital Corp., one of Canada's largest providers of venture capital investment funds, also participated in the investment.
From February 2011 to February 2012, the number of videos watched by Americans increased 660%. During the same period, the number of hours of online video watched by an average user increased by 60% to 21.8 hours per month. This massive growth in online video as a dominant medium on the web has been driven by several important trends: the cost of creating and producing professional video content has dropped dramatically, more consumers are equipped with high-speed broadband, and smartphones and tablets have become mainstream tools for consuming digital media in any place at any time.
Vidyard, the world's first video marketing platform for business, today announced it has secured $6 million in Series A financing.