Business News | Ittiam Systems Receives a Strategic Investment

Santa Clara (California) [US]/ Bengaluru (Karnataka) [India], November 10 (ANI/BusinessWire India): Ittiam Systems today announced that Dolby Laboratories has made a strategic capital investment in the company.

The investment will facilitate co-creation of new technologies and products for the rapidly growing online media workflows around content creation, delivery and consumption.

Also Read | Twitter Launches Blue Subscription Service in the US and New Zealand on iOS, Android & Web: Report.

"This is a momentous occasion in the journey of Ittiam Systems, and the investment is intended to facilitate the delivery of next generation multimedia technologies and solutions. We are a unique company in India's technology landscape focused on IP creation and recognized worldwide for quality, performance and reliability. So far, investors in Ittiam have been from the financial and venture capital community. The time is most appropriate now for Ittiam to have a globally admired brand and world leading IP company in Dolby as a strategic investor to open doors to new markets and guide our product roadmap," commented Srini Rajam, Chairman and CEO of Ittiam Systems.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

Also Read | Gujarat Shocker: Deputy Collector Stalks, Blackmails Woman Govt Officer; arrested.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)