WeVideo Named AlwaysOn Global 250 Most Promising Companies

WeVideo Brings Collaborative Video Editing to Google Drive

WeVideo Brings Collaborative Video Editing to Google Drive Mountain View & Sunnyvale, CA – April 24, 2012 – WeVideo (www.WeVideo.com), creators of the easy-to-use online video editing platform, today announced that they are bringing collaborative video editing to the newly released Google DriveTM, Google's cloud storage and collaboration service. The integrated WeVideo app provides consumers a way to edit the media they have stored in Google Drive.“Google gave us a new way to collaborate on documents, spreadsheets, presentations, and drawings, so we are excited to enable Google Drive users to create and collaborate on videos as well,” said Jostein Svendsen, WeVideo CEO. “WeVideo offers a powerful collaborative editing solution for a wide range of media, and with Google Drive providing an easy and safe place to store your media files, users never have to leave the cloud.”WeVideo combined with Google Drive provides a great online video editing experience:- Convenient: Easily accessible browser-based editor that gives you the freedom to create from anywhere on any connected device.- Collaborative: A creation environment for editing and sharing with your friends and colleagues, just the way you have always done with Google documents.- Powerful: A versatile tool which enables editing with HD video capabilities even on a netbook."We're excited to have WeVideo as a Google Drive launch partner," said Scott Johnston, Group Product Manager at Google. "Giving Google Drive users the ability to collaboratively edit and produce videos from anywhere using WeVideo is a huge leap in productivity for our users."New WeVideo tools for Google Drive available for immediate useThe new WeVideo tools for Google Drive are available for immediate use in the Chrome Web Store. To learn more about WeVideo, please visit www.WeVideo.com.About WeVideoBased in Sunnyvale, CA, WeVideo eliminates the cost and complexity of collaborative video publishing with powerful, easy to use web-based tools. Founded in 2011 by Norwegian-based Inspera, WeVideo leverages years of developing online video learning experiences for K-12 students. To learn more about cloud-based video collaboration, please visit www.WeVideo.com.About Google DriveGoogle Drive is a cloud storage and collaboration service from Google. Drive allows peopleto store their files online and access them from any device: in desktop folders on Mac or PCcomputers, in mobile apps on Android or iOS devices, or from any web browser by visitingdrive.google.com. Google Drive is available with 5GB of storage for free, and additional storagemay be purchased.Google Drive also allows people to create, edit and share files with one another. Google Driveapplications are third-party applications that work seamlessly with Drive. By integrating withthe user account and file data stored in Drive, these web applications provide a simple way forpeople to open files from Drive, make changes or edits in the application, and then save theupdated file in Drive. Google Drive applications are available in the Chrome Web Store. Google, Google Docs, Google Drive are trademarks of Google Inc. All other product and company names herein may be trademarks of their registered owners.WeVideo company contact: WeVideo Inc. info@WeVideo.com, Media contact: SocialRadius WeVideo@socialradius.com or press@google.com   # # #

WeVideo Secures $19.2M in Funding

Sunnyvale, CA – April 24, 2012 –  WeVideo (www.wevideo.com), creators of the worlds most powerful and easy-to-use online video editing platform, today announced that it has secured $19.2M in a Series A funding round, led by Crest Capital Ventures of Houston, TX. The additional funding will help WeVideo to position the company as a global leader in the online video creation space for both consumers and businesses.The new funding comes on the heels of a number of recent product and partnership announcements involving WeVideo, including its integration with Youtube, its commercial product launch, its partnership with the Qatar Foundation International (www.qfi.org), its adoption by Startup Idol and the TechZulu news organization, the developement and launch of a power video editing app for Android tablets, and “tag & bag” creation of broadcast promos.“Cloud-based collaborative video editing offers compelling advantages over conventional solutions,” said Jason Woods, President of Crest Capital Ventures.  “We believe WeVideo’s unique technology make it well-positioned to define and lead a new business space.”“We are delighted to announce that we have secured $19.2M in a Series A funding round, thanks to Crest Capital Ventures ,” said Jostein Svendsen, WeVideo co-founder and CEO. “Of all our recent announcements this may be our most significant, as it helps us to realize an ambitious roadmap and partnership program to establish the worlds leading platform for online video editing and creation.”About WeVideoBased in Sunnyvale, CA, WeVideo eliminates the cost and complexity of collaborative video publishing with powerful, easy to use web-based tools. Founded in 2011 by Norwegian-based Inspera, WeVideo leverages years of developing online video learning experiences for K-12 students. To learn more about cloud-based video collaboration, please visit www.wevideo.com.About Crest Capital VenturesCrest Capital Ventures, based in Houston, TX, provides funding for software and related technology companies. For more information, visit www.crestcv.com. All product and company names herein may be trademarks of their registered owners.WeVideo company contact: WeVideo Inc. info@wevideo.comMedia contact: SocialRadius wevideo@socialradius.com.# # #