VenSat Tech has announced its business plans and roadmap for the future of the company. VenSat's lead investor is IndoUS Venture Partners (IUVP). IUVP's principals are individuals of Indian lineage who have built exceptionally successful careers, and companies, and now operate in investments in Indian companies to capitalize on emerging opportunities in the India of the 21st century.
VenSat has also announced the formation of the media and Entertainment Company's new U.S. business entity, VenSat America. Making the announcement, Satyanarayana Mudunuri and Venkatesh Roddam, Executive Directors, VenSat, said that the new firm will be headed by veteran U.S. and India entertainment executive and entrepreneur, Ken Silverman, who has been named CEO and President, while longtime visual effects producer and VFX studio executive, John Follmer, has joined as Executive Vice-President and COO.
VenSat America will serve as the company’s lead to the U.S. motion picture, television, home entertainment, gaming, and mobile entertainment markets, and will develop innovative co-production arrangements linked to the company's animation, VFX, motion comics and 2D-to-3D conversion services. Content amalgamation, including for 3D television, content production, and content distribution, for all markets and platforms, will follow in 2011. Strategic investments into one or more U.S. entertainment companies are now under active consideration.
