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dotTV Enters Strategic Alliance with Network Solutions and Raises $28 Million in Series B Equity Financing

Strategic Insights

— 1 min read

dotTV, a leading provider of Web identity services worldwide, has formed a strategic alliance with Network Solutions, a subsidiary of VeriSign Inc. This partnership will enable Network Solutions to promote and offer .tv domain name registrations to its vast customer base. dotTV has also secured $28 million in Series B equity financing from a group of strategic investors, including VeriSign, UnitedGlobalCom, Munder Capital Management, Mark Asset Management, and Compass Asset Management. The funds will primarily be used to expand dotTV's global sales and marketing efforts.

Key Takeaways:

  • dotTV has formed a strategic alliance with Network Solutions, a subsidiary of VeriSign Inc., to promote and offer .tv domain name registrations to Network Solutions' vast customer base.
  • The partnership will enable dotTV to increase its global presence and reach a broader audience.
  • dotTV has raised $28 million in Series B equity financing from a group of strategic investors, including VeriSign, UnitedGlobalCom, Munder Capital Management, Mark Asset Management, and Compass Asset Management.
  • The funds raised will be primarily used to expand dotTV's global sales and marketing efforts.
  • Network Solutions has pledged to offer .tv domain name registrations alongside its existing .com and .net offerings.
  • dotTV has already secured registrations from over 150 leading broadcasters and companies, including Sega of America, Columbia TriStar International Television, and Major League Baseball.
  • The company aims to create a premier top-level domain, enabling customers to establish unique web identities and capitalize on the global recognition of the TV symbol.
  • VeriSign will provide distribution channels and marketing infrastructure to promote the .tv domain name on a larger scale.

Statistics:

  • $28 million: The amount raised in Series B equity financing by dotTV from a group of strategic investors.
  • $57 billion: The assets under management by Munder Capital Management, currently managing the NetNetFund, one of the largest buyers of Internet public equities.
  • 13.7 million: The number of paid registrations held by Network Solutions, making it one of the largest business subscriber bases on the Internet.
  • $6.0 billion: The size of the NetNetFund, one of the largest buyers of Internet public equities managed by Munder Capital Management.

Sources:

  • dotTV (http://www.tv)
  • VeriSign (http://www.verisign.com)
  • Network Solutions (http://www.networksolutions.com)
  • UnitedGlobalCom (http://www.ugcom.com)
  • Munder Capital Management (http://www.mundercm.com)
  • Mark Asset Management (http://www.markam.com)
  • Compass Asset Management (http://www.compassam.com)

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