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Tyrant Interactive Inks Contract with Raster Media

July 24, 2014

Tyrant Interactive Media reported it signed an agreement with Raster Media to develop its software applications as well as an advisor on all its proprietary systems and technology.

Tyrant Interactive reported in a release that it obtained initial funding by venture capital firm Legion Capital America, controlled by entrepreneur investor Fabrizio Boccardi.

"We are honored to have been chosen for such an ambitious project. With proper execution the potential is truly substantial," said Michael Smith, CEO of Raster Media. "The project is ambitious because it provides a service and a product that is needed in the marketplace and in our opinion will be very well received among the public."

Tyrant Interactive aims to be ready for launch by the end of summer 2015, and expects to raise additional capital through Legion Capital America, third parties or both, for anticipated Series A round financing when the product is completed and patented, said Cameron Andrews, a spokesperson for Tyrant Interactive.

Tyrant Interactive Media develops and publishes proprietary software, platforms, and interactive games based on Internet protocol licensed by King Midas World Entertainment.

Legion Capital America (LCA) is a venture capital and private equity firm focused on new media, licensing, digital, gaming, and mobile business investment opportunities.

King Midas World Entertainment is focused on the development of its brands and proprietary franchises and their application in the publishing, casino, movie, entertainment, social and interactive media, technology and hospitality industries.

Raster Media is a web, mobile, cloud and enterprise design & development software firm.

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Source: Professional Services Close - Up

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