ROKing to the tune of $7m
ROK have just received a whoppin’ $7 million investment. Did you read about that last week? I got the news from Bruce on Friday but I’ve only just managed to get it up. What a coup eh? ROK is rocking!
ROK Entertainment Group, UK-based provider of mobile entertainment services and technologies, today announced it has raised $7 million in new investment from European institutions, as a prelude to a public flotation of the company later this year.
The investment values ROK Entertainment Group at $70 million.
Jonathan Kendrick, Chairman and CEO of ROK said “We have achieved a great deal in the mobile entertainment space over the past few years and have grown the company to some 150 staff worldwide - all through private funding. This injection of cash will see us step-up yet another gear in our global deployment of our mobile TV services and our other major applications and technologies, before we IPO later this year.”
ROK is a leading company in the development of technologies for the provision of on-demand mobile TV streamed over mass-market 2.5G GPRS, 3G and Wi-Fi.
With it’s headquarters in Wolverhampton and offices across the UK, Beijing and Los Angeles, ROK aims to deploy 30 subscription-based mobile TV services with selected mobile operators worldwide by the end of 2007.
