xTV has raised $2 million in funding to expand its .TV networks

UST Global, an information technology solutions and services company for Global 1000 enterprises, has announced a two million dollar strategic investment into Silicon Valley based xTV, a pioneer in new Media as a Service sector. In additional to the investment, UST Global and xTV will partner to bring MaaS to Fortune 1000 companies across the US. This is a strong synergy of xTV’s technology and UST Global’s scale to further boost the adoption and expansion of .TV. xTV offers a real time platform for companies and individuals looking to integrate their social needs, custom built on their own .TV network. In one instantaneous feed, a personal or company-wide .TV network will update tailored selections from YouTube, Twitter, news services, weather accounts, and much more. .TV is the next evolution of the ‘website’, and xTV is pioneering this evolution.

Want to create your own custom enterprise TV channel? Thanks to UST Global’s $2 million investment in xTV, that’s now possible. The investment from the 16-year-old information technology and services company will help xTV expand its .TV network, which allows individuals and companies to create television channels filled with their preferred video, social, news, and weather content, all of which is updated in real time. xTV works with companies like AOL, Intel, and Microsoft, which is part of why UST Global was attracted to the prospect, according to a canned statement from UST’s chief information officer, Tony Velleca. Basically, xTV has the platform, and UST Global has the scale. “We’re looking forward to deploying xTV into many of our significant verticals and allowing xTV customers to tap into our 15,000 strong organizations to deploy any size .TV network,” Velleca was quoted as saying in the statement. The investment also opens up the xTV service to UST Global customers. This idea here is to create a “new media network” that can be utilized by a greater number of your target audience, whether that’s your employees, partners, customers, or investors. As part of the deal, Redwood City, Calif.-based xTV will expand in Los Angeles, much closer to UST’s headquarters in Aliso Viejo, Calif.