Thursday, October 11, 2012

X20 Media appoints Patrick Collins to Board of Directors, raises additional equity

X20 Media announced that they have appointed Patrick Collins, former chief executive officer of LexisNexis Canada, to its board of directors.

Collins has extensive business experience across several media organizations and the telecommunications, transportation, and manufacturing sectors. Most recently he served as CEO of LexisNexis Canada, the Canadian business unit of a leading global provider of online information solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets.

“Patrick is an extremely experienced and respected business leader, and as a director he brings valuable management and operational skills to our board,” said X2O Media President and CEO David Wilkins. “As X2O continues to grow and expand its solution offerings to enterprise customers, Patrick’s unique experience and insights will be invaluable in helping shape our development.”

X2O Media Raises Additional Equity Financing From Propulsion Ventures

X2O Media has raised additional equity financing from Propulsion Fund III. X2O will use the funds to increase its presence throughout North America, promote the launch of its new “X2O” platform, and increase the depth of its technology partnerships with industry leaders like Cisco and Microsoft.

“Propulsion has an impressive track record of identifying and investing in businesses that have a strong impact on their industries,” said X2O Media President and CEO David Wilkins. “Their decision to invest in X2O Media affirms our position in the market, and allows us to expand into new market segments where we see significant growth opportunities in driving content across multiple screens, including mobile devices.”

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