Skinkers raises £2m to fund the launch of innovative peer-to-peer technology for Live Content Delivery

The company is using the new funds to bring to market the Skinkers Live Delivery Network, a private and secure peer-to-peer infrastructure which enables both businesses and consumers to receive high quality, digital feeds (text/audio/video) in real time to their desktops.

29 January 2007

Skinkers, a leader in push technology that radically improves communication, today announced that it had raised £2m from its current shareholders to fund the launch of the Skinkers Live Delivery Network, an innovative peer-to-peer network to support live video streaming and real-time notifications. The majority of the funds have been provided by NewMedia SPARK, a London based venture capital firm.

Matteo Berlucchi, CEO of Skinkers, commented, "We are delighted to have secured the funding that will enable us to bring to market an exciting new range of peer-to-peer products based on the core Skinkers technology combined with technology acquired from the Microsoft Research Labs in Cambridge.”

The company is using the new funds to bring to market the Skinkers Live Delivery Network, a private and secure peer-to-peer infrastructure which enables both businesses and consumers to receive high quality, digital feeds (text/audio/video) in real time to their desktops.

Jay Patel of NewMedia SPARK commented, “We are delighted to be able to support the talented and experienced team that has been assembled to take this company forwards and bring this innovative technology to market."

About NewMedia SPARK

NewMedia SPARK is a quoted venture capital organisation based in central London focused on early stage investments in the technology, media and telecoms sectors. SPARK's portfolio has a particular emphasis on digital media, software applications, technology and communications. As an investor, SPARK expects to add significant value to its investments through active support and strategic direction. SPARK is listed on London's Alternative Investment Market.

Recent successful exits for SPARK include the sale of Mergermarket to Pearson for £120m, the sale of Footfall to Experian for £36m and the sale of Elata to Qualcomm for $57m.

www.newmediaspark.com

About Livestation

Livestation is a software platform designed to distribute high quality live television and radio to mass audiences at dramatically reduced costs. It is based on peer-to-peer technology co-developed by Skinkers and Microsoft Research, who have entered into a pioneering technology for equity collaboration. Microsoft acquired a minority equity stake in Skinkers in exchange for full use of the Microsoft peer-to-peer intellectual property.

www.skinkers.com