Business News
Veridigm Closes Purchase of Digital Media Distributer: MediaPal Inc.
Thursday 21. August 2008 - Veridigm, Inc. (Pink Sheets: VRGD) (VRGD.F - Frankfurt, VRGDSG - Stuttgart, VRGD.DE - XETRA Level1) an Anglo American public investment company today announced the closing of a definitive acquisition agreement between Veridigm Inc. and MediaPal Inc. The terms of the acquisition are undisclosed.
Gary Freeman, President commented, “This acquisition secures our foundation to disrupt and consolidate targeted media distribution with a competitive superior technology and a highly economical digital media business application. Mediapal Inc. is the exclusive global license holder of a proprietary digital content e-commerce platform, including management, delivery, fulfillment, reporting, and tracking functions as further described in much greater detail below,”
Bryan Lenett, CEO of MediaPal, commented, “This acquisition and the addition of Veridigm management to our business supports our long-term strategic plans to extend our scale and reach into new media business, application areas and markets.”
MediaPal is the direct-to-consumer solution for the entertainment and media industries. MediaPal is the best-in-class of content management, online sales, product publishing, and promotion solutions for the entertainment industry. MediaPal’s proven content management platform, retailer portals, affiliate system, “Portable” publishing system, and direct-to-consumer infrastructure provides content owners and business to business partners a turn-key solution to sell and manage digital, mobile, ticketing, and physical products. The direct-to-consumer infrastructure enables content owners and business to business partners to enter the Internet media markets with zero barriers to entry. MediaPal’s content management and publishing system manages every aspect of an online transaction, from the presentation of a portal or commerce “buy button” to a consumer purchase transaction, product fulfillment management, and customer service.
MediaPal Inc. operates the proprietary digital and mobile Content Management System (“CMS Platform”) that enables the distribution of any type of paid and/or promotional media from any Internet property, portal, or service. The CMS Platform allows for the sale or distribution of digital media products via the Internet to be completely portable and flexible, while maintaining the Owner’s or Distributor’s branding and distribution controls.
The CMS Platform combines robust content management services, digital rights management, portable content distribution services, promotional capabilities, and global micro-payment processing into an easy to use and deploy system focusing on the fulfillment of any form of digital media or product. MediaPal provides Owners and Distributors from major record labels, major media distributers, major search engines, independent producers and all other Internet users with all of the resources and infrastructure required to distribute and manage digital, mobile, and physical content directly from any Internet property or service. The CMS Platform places its clients in total control of their content distribution and media management while seamlessly working “behind the scenes” to make consumers feel they are making their purchase and/or receiving product directly from the Owner or Brand Distributors.
MediaPal competes across five markets:
— Enterprise
Powering music, sports, and entertainment companies’ direct-to-consumer
Internet infrastructure and strategies. The Platform currently powers
digital, mobile, physical, ticketing, and package product bundles.
— Affiliate Platform and Modules
MediaPal operates a sophisticated affiliate management system. Record
labels, entertainment companies, and content owners can easily create and
populate unlimited affiliate websites to other Internet properties such as
partners and high traffic portals.
— Independent / Consumer
Enabling independent content owners to sell and promote content and
products.
Enabling Social Network apps for record labels and entertainment
companies.
Enabling Social Network apps to enable independent content owners to sell
and promote content and products.
— B2B
MediaPal platform is built on .NET Web Services. We have developed web
services to power high traffic portals and B2B and B2C services such as
search engines to promote and sell digital, mobile, and physical products
transparently to their consumers.
— Promotion
MediaPal has many promotion components and services within. From
download/promotion cards to promotional materials with Pin IDS for
customer rewards, we have implemented dozens of proven models.