Universal Capital Management, Inc., a Wilmington, Del.-based business development company that provides management and strategic growth resources to emerging growth companies, reportedly has entered into a new management agreement with SIVOO.

 

SIVOO provides IT infrastructure for IP video, and has created a digital-media asset management solution to intake, encode, distribute, and monetize video across distribution channels including Internet, mobile, IPTV (News - Alert), and cable using Internet protocol. This solution is called CEDR, which is an acronym describing the life-cycle of IP-managed video. SIVOO is currently one of Universal’s holdings.

 

Universal Capital officials said the agreement will allow the company to help in reorganizing and redirecting its strategies by developing effective marketing plans, recruiting new personnel, and cultivating partnerships and introductions to other companies within Universal’s portfolio.

 

“We’re looking forward to assisting SIVOO in their restructuring efforts,” said Robert Oberosler, president of Universal, in a statement.

 

“We have always known SIVOO was a great technology company, and many of our outside consultants have reiterated the potential of SIVOO’s technology. So we met with SIVOO and together we developed a new business and marketing plan that we believe will bring value back to this company,” said Oberosler.

 

He said that the company will be announcing this plan over the next several weeks. 

Universal Capital Management, Inc. is a publicly traded business development company under the Investment Act of 1940. Its purpose is to provide an opportunity for its shareholders to diversify risk by investing in a fund that assists its portfolio companies to grow and increase in value.