July 24, 2007 – San Mateo, Calif. – MotionDSP, an emerging leader in digital video technology, today announced a strategic investment and technology advancement agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the Central Intelligence Agency and the broader U.S. Intelligence Community.
MotionDSP is already recognized worldwide for its Ikena™ software product family, which ranges from Ikena Workstation, a desktop/laptop-based video forensic tool for the security market, to Ikena Web, a scalable web service for carriers and internet video sites which can enhance tens of thousands of user-generated videos per day.
“Partnering with In-Q-Tel gives us insight into the most demanding applications for video enhancement, and helps us make our products be the best they can be. We’re excited to have been selected for this strategic engagement,” said Dr. Sean Varah, CEO of MotionDSP.
“MotionDSP is an important addition to our strategic investment portfolio,” said Troy M. Pearsall, Executive Vice President of Technology Transfer at In-Q-Tel. “As part of our charter, In-Q-Tel evaluates innovative technology advances with specific applicability to the challenges facing the U.S. Intelligence Community. MotionDSP’s digital video technology has proven itself to be the gold standard in both quality and scalability, and will radically enhance the way any organization-commercial or government-processes video images.”
About In-Q-Tel:
In-Q-Tel is a strategic, not-for-profit investment firm that works to identify, advance, and deliver innovative technology solutions to support the mission of the U.S. Intelligence Community. In-Q-Tel’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the larger Intelligence Community. In-Q-Tel concentrates on several broad commercial technology areas, including application software and analytics; communications and infrastructure; embedded systems and power; and bio, chemical, and nanotechnology. To date, In-Q-Tel has engaged with more than 100 companies and delivered more than 140 technology solutions to the Intelligence Community. To learn more about In-Q-Tel, visit www.in-q-tel.org.
About MotionDSP
MotionDSP is an emerging leader in digital video enhancement. MotionDSP’s next-generation technology enables Internet video sites and mobile carriers to vastly improve the quality of video captured by consumer video devices such as mobile phones and webcams.
Ikena is a trademark of MotionDSP, Inc. All other trademarks and registered trademarks previously cited are the property of their respective owners and are hereby acknowledged.
Editor’s Note: Images and logos are available from MotionDSP’s public relations counsel, with a subset available on the company website.
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