Digital Signage Central

Canadian mobile digital signage specialist Pixman Nomadic Media has announced that it has raised more than $7M through a series of private placements. The funds will allow the company to expand its global ‘fleet’ of mobile field marketing solutions and to extend their technical capabilities.

The first significant outcome is the purchase (for around $4M of shares) of Pixnet Inc, the developer of a technology that integrates mobile phone and digital signage content management. This helps Pixman to satisfy their advertisers’ ‘growing expectations from field marketing’.

Pixman has further reduced its debt through a share deal to settle an outstanding loan of $150K.