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Canada NewsWire, Thursday, June 1st, 2006.
TORONTO, On., June 1, 2006 --MusicIP Corporation (formerly Predixis Corp.) announced it has raised U.S. $2 million in equity financing from J. L. Albright Venture Partners. This funding will strengthen and energize the company's sales and marketing efforts as they bring additional innovative products to market.
Known as the Global Music Search Engine, MusicIP provides a complete digital-music platform, with scalable services and products for every major industry niche. Founded in 2000, MusicIP provides revolutionary solutions that connect listeners, artists and enterprises.
Based on years of research and development in music recognition algorithms, MusicIP technology offers a unique value proposition to the emerging digital music market. With a database of more than 19 Million fingerprinted and analyzed tracks, MusicIP harnesses musical attributes in an accurate, consistent and scalable way, gathering millions of song fingerprints and music analyses each month, with the resulting ability to relate millions of songs intuitively. Additional platform components include fingerprint, data, statistical methods and more, available in desktop software, embedded device firmware, enterprise services and SDKs.
“There’s more music today than ever before; more mainstream, independent and world music available on more devices and in more places. The problem of overabundance has made it challenging for consumers to use and even to buy the music they want. MusicIP enables better discovery and enjoyment of all types of music, from online purchase through to portable consumer devices.” said Dr. Matthew Dunn, CEO of MuiscIP.
About MusicIP
Known as the Global Music Search Engine, MusicIP provides a complete digital-music platform, with scalable services and products for every major industry niche. Founded in 2000, MusicIP provides revolutionary solutions that connect listeners, artists and enterprises. For music enterprises, MusicIP provides a complete framework for providing track identification and music discovery, spanning from consumer-electronics devices to large-scale label and commerce applications. In addition, MusicIP gives musicians a new marketing edge with a service called ListenerLink that provides global track exposure. Consumers can rediscover their music and discover new music with MusicIP’s amazing playlist firmware in partner devices, and in the company’s free MusicIP Mixer for all desktop platforms. For more information, visit www.musicip.com
About J.L. Albright Ventures Partners
With offices in Toronto, Ontario and Montreal, Quebec the ten-year-old firm primarily focuses on Communications and Systems, Internet and Media, and Software and Services companies in Canada. The firm typically invests a total of $5 million to $15 million in each portfolio company. J.L. Albright Venture Partners invests in all stages of growth, from seed to expansion stage. For more information visit www.jlaventures.com
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