Stuart & Damien, Educational Technology
Victoria-based MediaCore expects to increase staff from 20 to 35 thanks to a 4.5 million dollar investment from Vanedge Venture Partners. Established in 2011 by Stuart Bowness and Damien Tanner, MediaCore is a cloud based educational company that delivers class content by video to universities.
Stuart Bowness says MediaCore will use the money to hire sales and marketing reps as well as product management and development experts. The funding will help the company expand its customer base around the world.
“Video will revolutionize education. Any institution can license our platform to upload instructional content. Students log in and see course material on video and can work collaboratively on projects and assignments,” Bowness says. “The software makes it easy for students and professors to record content.
MediaCore provides video platform services to more than 100 universities and post secondary institutions including the University of Victoria, Royal Roads University, Camosun College, Queen Mary University in London and several other colleges and universities in Canada and the United States.
Bowness and Tanner got the business idea for MediaCore while working as technology consultants. Clients expressed a need to share video privately while having the ability to centralize and manage material in a secure space. MediaCore stepped in to develop a system to fill that need.
The company is also expanding beyond universities into the corporate world. New clients include Four Seasons Hotels and Resorts and multinational companies.
The funding means a partnership with Vanedge’s Moe Kermani, who has a background in cloud storage and development. Kermani is assisting with hiring. MediaCore had an office in the United Kingdom but is moving staff back to Victoria. Bowness is determined to establish MediaCore as a major employer in the area.
“There is a strong tech industry in this province and we look forward to attracting more talent to Victoria.”