Tallwave Company SOOH Media Selected as ACA AZ Innovation Challenge Semi-Finalist

PHOENIX, AZ, Nov 05, 2012 (MARKETWIRE via COMTEX) -- Tallwave, a lean business accelerator and venture management firm, is proud to announce that social-out-of-home (SOOH) digital marketing platform and Tallwave portfolio company, SOOH Media, has been officially selected as a semi-finalist in the Arizona Commerce Authority (ACA) AZ Innovation Challenge. SOOH Media competed against hundreds of applicants to advance as one of 25 semi-finalist companies.

SOOH Media improves upon traditional DOOH advertising, providing an interactive photo and video kiosk network that engages consumers and brands through proprietary integrated local, social and mobile software. SOOH Media was selected to join Tallwave Venture Management in November 2011 and has since worked with brands like NASCAR, CBS Radio, Macerich, and the Phoenix Mercury.

"There are a lot of great companies competing in the ACA Innovation Challenge and we are very excited to be selected as a semi-finalist," said Blake Quinn, Founder and CEO of SOOH Media. "The Innovation Challenge offers an unparalleled opportunity in terms of funding and exposure, and we feel privileged to be considered for the top prize." The Arizona Innovation Challenge is the largest financial prize of its kind in the country, awarding over $3 million annually to Arizona companies. The next phase of judging begins in approximately three weeks, with a specific panel of judges evaluating the semi-finalist companies. Startups winning awards in the Innovation Challenge are required to commercialize their technology solution and generate revenue within one year of the award.

"The Arizona Commerce Authority's Innovation Challenge provides invaluable support to the entrepreneurial ecosystem in Arizona," said Thom Brodeur, Tallwave's EVP of Venture Management. "Tallwave has worked hard to prepare other companies for the Innovation Challenge, including a number of our clients and portfolio companies as semi-finalists: SyCara, Pinnacle Cart, Linkbridge and this Spring's Innovation Challenge Winner, Wholesalefund." About SOOH Media: SOOH Media is the world's first social-out-of-home network, providing on-premise, interactive photo and video kiosks that connect consumers and brands through an integrated digital advertising platform. SOOH Media helps digital out-of-home (DOOH) networks, agencies and brands improve digital engagement with their customers through a proprietary local, social, mobile marketing and sales platform.

SOOH Media is a portfolio company of Tallwave, a lean business accelerator and venture management company. SOOH Media is based in Phoenix, Arizona. For more information about SOOH Media, go to http://www.sooh.com or call 866.743.5856.

About Tallwave: Tallwave is a lean business accelerator and venture management company specializing in validating, commercializing and scaling emerging technology and digital media ventures. Founded in 2010 by former senior executives from Google, Yahoo!, Microsoft, and iCrossing, Tallwave helps businesses identify, achieve and sustain growth using lean-validation principles. Tallwave has successfully worked with over 25 companies in its Venture Accelerator and has added four companies to its Venture Management portfolio.

Headquartered in Scottsdale, AZ, Tallwave has offices in San Francisco and Los Angeles. For more information about Tallwave, visit www.tallwave.com or call 602-840-0400.

Press Contact: Linda Capcara 480.940.1474 lcapcara@globalconnectpr.com.

SOURCE: Tallwave mailto:lcapcara@globalconnectpr.com

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