Boulder startup VMO Systems raises $2.6M [Daily Camera, Boulder, Colo.]

(Daily Camera (Boulder, CO) Via Acquire Media NewsEdge) May 07--Boulder-based VMO Systems Inc., a startup developing optical media technologies including miniature discs and drives to deliver high-definition video and other content to mobile devices, recently raised $2.59 million, according to regulatory documents made public Monday.

Eight investors participated in the equity round, according to the Securities and Exchange Commission filing.

VMO Systems has not publicly announced the investment. Company officials declined to provide additional comment Monday.

The filing comes two weeks after the privately held VMO Systems announced the acquisition of Vmedia Research Inc.'s assets and intellectual property -- including patents and trademarks. The technology acquired included a miniature blue-laser optical disc format for the delivery of video, imagery and multimedia to smartphones and other mobile devices.

In the April 23 announcement, which was posted on VMO Systems' website, company officials said they planned to bring the technology to markets that include defense, public safety and heavy industry.

Examples highlighted by VMO Systems involved distributing content such as maps, manuals and training applications to U.S. soldiers deployed in the field and oil and gas workers who work in remote locations.

Financial terms of the Vmedia acquisition were not disclosed. Two former Vmedia executives, Steven Volk and Wendy Volan, are executives of VMO Systems, according to SEC filings.

Contact Camera Business Writer Alicia Wallace at 303-473-1332 or wallacea@dailycamera.com.

___ (c)2012 the Daily Camera (Boulder, Colo.) Visit the Daily Camera (Boulder, Colo.) at www.dailycamera.com Distributed by MCT Information Services

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