Venera Gains Investment Funds

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New Delhi, India – March 04, 2010

Venera Technologies has announced that Valuable Group has acquired 30% equity in the company. This investment will allow Venera to reach global market for its Automated Content Verification product Pulsar. With its offerings, Venera is ready to play a key role in increasing operational efficiency of the content quality analysis process of the broadcast industry. It is the only Indian company to offer such high-end products for content quality assurance to global broadcasters, content providers and service providers.

Venera was started by first-generation entrepreneurs from IIT and ISI with a vision to create a global trendsetting organization renowned for its quality and innovation. It was among the first few companies globally to start research and development in H264 video test and measurement (T&M). Since its inception, Venera has created a wealth of intellectual property in video analysis, compression and communications. Venera now offers video T&M solutions for broadcast industry and video collaboration solutions for remote training and conferencing.

Ameya Hete, Executive Director, Valuable Group, said, “Investing in Venera is a strategic step and the deal assumes significance for our businesses. With its offerings, Venera has the potential to become a significant global player. Venera also has a rich set of technologies which can greatly assist in Valuable businesses.”

Deepak Sharma, CEO, Venera Technologies, said, “Venera has always been at the technology forefront, but it needed funds to achieve success in the face of the global competition. The company has great plans for the global market and this investment and access to Valuable Group resources will allow the company to reach its goal faster.”

By this strategic investment in Venera, Valuable Group now has access to some high-end video processing and analysis technology which will aid it in its Movie and Entertainment business.

About Venera
Venera specializes in providing cutting edge solutions in the field of digital media. The company offers a wide range of solutions, starting from test and measurement solutions for the broadcast market, to enterprise solutions for corporate training and distance education. Since its inception in 2003, the company has been delivering quality, innovative solutions and creating long-lasting relationship with its customers. Today more than hundred organizations worldwide trust Venera’s solutions and technologies for different applications – from testing to communications.

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About Valuable Group
Valuable group manages and operates a spectrum of companies in three industry verticals – media and entertainment, technology and infrastructure, and has made pioneering technology-based business innovations the cornerstone of the group’s success formula. The group uses a blend of satellite technology and innovative models to create new markets and in the process build new businesses. Our vision is to ‘Deliver Audiences’ and our mission is to ‘To create platform based delivery businesses’. This journey began in 2004 when Mr. Sanjay Gaikwad, Mr. Narendra Hete, Dr. Usman Fayaz and late M.B. Zaidi came together with their respective experience and expertise in networking, technical prowess, and strategic vision, subsequently strengthened by Mr Vijay Jindal’s entry and started what is today, the Valuable Group of Companies.

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