New York, NY - August 22, 2012 - TriPlay
a global provider
cross-platform cloud services and the developer of MyMusicCloud
announced that it has secured $5 million in a Series C round of financing provided by Kenges
noted global business leader and technology investor. TriPlay, which has raised $15 million,
investment from Rakishev, plans to use the funding to intensify its marketing efforts for
acquisition, new business partnerships and expanding its global footprint into Europe and
Since launching its services, TriPlay has seen significant user-base
increasing demand for its unique cloud-based solutions. MyMusicCloud was selected as a
BlackBerry's App World and is the only music-syncing service offered on Toshiba's tablets
computers. MyMusicCloud successfully integrated with Dropbox and recently with Google Drive.
"As a technology innovator, TriPlay is uniquely positioned to capitalize
in mobile usage and global demand for cloud services," said Rakishev, who also was named to
of directors. Rakishev was designated by Forbes as one of the 50 most influential people in
TriPlay is the latest in a series of strategic technology investments he made this year.
Added Tamir Koch, CEO of TriPlay, "Kenges Rakishev's interest in TriPlay
in our company reaffirms the importance of providing consumers worldwide with the freedom
enjoy their music, photos and videos on any device. The investment and Mr. Rakishev's board
will enable us to advance our international growth and business alliances with major
is the only cloud music service that enables users to sync their music collections across
including computers, mobile phones, tablets and connected televisions. The synching is done
automatically, without the need for a USB cable or a sync button. MyMusicCloud offers a
with more than
11 million songs, enables users to view song lyrics, crop ringtones, and share their
Facebook, and is available in 23 languages.
was soft launched in January
MyDigipack enables users to play, view or edit photos and videos from their mobile devices,
across virtually any end device and share them with friends using social media or MMS.
TriPlay was represented in the transaction by Herzog Fox & Neeman
Rakishev was represented in the transaction by Greenberg Traurig.
is a premier cloud services company, enabling users worldwide to easily
access, manage, share and enjoy their music, photos and videos across any computer, mobile
or web-enabled television. TriPlay is a privately held company with offices in New York and
information can be found at www.triplay.com
For Kenges Rakishev
(305) 403-2080, Ext. email@example.com
©TriPlay. All Rights Reserved. TriPlay and
MyMusicCloud are trademarks or registered trademarks of TriPlay in the U.S. and other
other trademarks are used for identification purposes only and remain the property of their