Audio visuals company fills US gap thanks to Invest NI
Published 20/10/2008 | 15:47
A County Londonderry company is developing export sales of its audio-visual media server platform into Europe and the US with the help of Invest NI.
Digital Future Solutions, based at the University of Ulster Science Research Park in Coleraine, developed a multizone system to distribute and source movies, audio and other media types to every room of the home or office. Users can then access and view their media via TVs, hifi, PCs, mobile phones, iPods and other devices.
Des Gartland, Invest NI’s North West regional office manager in Derry, announced the assistance, which was granted through the growth accelerator programme (GAP).
He said Digital Future Solutions was at the “leading-edge” of technology which was having a growing impact on people at home and at work.
"GAP support enables this entrepreneurial company to access funding quickly that can be used to bring this exciting and innovative technology to market faster.
“It has already received very positive feedback on the product from its participation in key trade shows.”
He said the company had a clear strategy for increasing European sales from 5% to 20% of turnover by 2009 and that the company was an excellent example of innovation-led business.
David Perry, managing director of Digital Future Solutions, who set up the business in 2003, said: "We appreciate the encouragement and support that is being provided by Invest NI towards the development and marketing of our multizone media server.
"The market in which we are operating is at an early stage in its development. The UK, for example, is currently worth around £30m per annum. This and other global markets are projected to grow strongly and to require more technical and sophisticated solutions. We are very well positioned to add further value to our existing technology and to provide the advanced solutions that the market will demand.”
Mr Perry, a computer systems developer, worked in capital markets in Japan and London. He returned to Northern Ireland in 2003 to develop a high-tech and affordable digital home entertainment solution.
The company employs five people in Coleraine in the development of digital technology systems.