Harmony Media Group is the newly formed parent company of Filmnight Digital and Saffron Digital. The company has a clear strategy of developing market leading digital products and services across mobile and online platforms.

Filmnight Digital is the leading provider of digital film publishing solutions with a growing client list including Vodafone, T-Mobile, Trinity Mirror and EMAP.

Over the last four years Filmnight Digital has forged commercial relationships with international film studios to provide clients with a ‘one-stop-shop’ for film related content and services. Their various sites attract over 1 million unique visitors per month.

Saffron Digital has developed a converged content delivery platform that enables content owners, brand owners and mobile operators to deliver a rich experience for their consumers across mobile and web.

The state-of-the art platform includes market leading video services, such as a video on demand solutions, which allow consumers to access video files via mobile and online portals.Current clients include Disney Mobile, IPC media, Zone Media, T-Mobile, O2 and Vodafone.

Jamie Kennell, who led the investment on behalf of Beringea and the ProVen VCTs commented:

“Harmony Media has an established position with both the content owners and network operators in what is an emerging and rapidly growing market. The combination of an excellent management team, strong business model and key strategic alliances mean that the business is well positioned to grow significantly over the next few years. We are particularly pleased to invest in a company with a market proven technology base. Their product is bespoke but flexible -  they can react to and accommodate the continually changing methods of content delivery. From an investment standpoint, finding companies at the forefront of such changes is imperative.”

Shashi Fernando, CEO of HMG commented:

“This round of funding will allow Harmony Media Group to continue to develop innovative technical solutions which keep us and our clients at the forefront of content delivery in the digital marketplace.

We believe our continued commitment to innovation will help us strengthen our existing relationships with market leading businesses and forge new relationships in the future.”

More Information:
Jane O’Connor, Marketing Manager, Beringea Ltd
Ph: 020 7845 7826 E: joconnor@beringea.co.uk

About Beringea Ltd
Beringea Ltd. is an international private equity and investment banking firm with offices in London, Detroit and Los Angeles. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, and Global Rights Fund II.
Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK.  ProVen VCT and ProVen Growth & Income are the highest performing VCTs of their launch years according to www.taxefficientreview.com and in 2006 the Association of Investment Companies named ProVen Growth & Income as its highest performing VCT member (2006).

About Harmony Media Group
Harmony Media Group is the parent company of Filmnight Digital and Saffron Digital. The company has a clear strategy of developing market leading digital products and services across mobile and online.
Filmnight Digital is a leading provider of digital film publishing solutions with a growing client list including Vodafone, T-Mobile, Trinity Mirror and EMAP.
Saffron Digital provides content owners, brand owners and mobile operators with converged digital solutions through its state of the art content delivery platform.
The Saffron Digital platform includes market leading video services, such as a video on demand solution allowing consumers to access their video files via mobile and online platforms.

Beringea Ltd
Registered Address : 39 Earlham St, London WC2H 9LT
T: 020 7845 7820 F: 020 7845 7821
Registered In England and Wales No. 1478819

www.beringea.com / www.provenvcts.com
 
Beringea Ltd is authorised and regulated by the Financial Services Authority
FSA FRN: 138888