He is a technology innovator, real estate investor, philanthropist, and the Founder, Chairman and CEO of Brilliant Digital Entertainment Inc. (BDE), an online distributor of licensed digital content and developer of technology. Bermeister is a founding investor in a number of successful technology and real estate ventures including Skype.
In 1983, Bermeister established Ozisoft, one of the first interactive multimedia companies. By 1990, Ozisoft was Australia's largest video games distributor. In 1992, Bermeister and his business partner Mark Dyne successfully led a management buyout, together with Sega Enterprises, to form Sega Ozisoft Pty Limited representing exclusively the world's largest video game publisher.
In 1994, Bermeister and his property consortium Jacfun negotiated rights to property at Sydney's Darling Harbour and established the interactive Sega World Sydney amusement park, operated through a joint venture including shareholders Sega Enterprises Japan, Mitsubishi Corp. and Mitsui Corp. This park utilized the latest in multimedia, entertainment and destination attraction events. Bermeister remains a director of Jacfun.
Bermeister founded Brilliant Digital Entertainment Inc. in 1996, focusing on 3D graphics streaming and compression for which it was granted 8 patents. BDE was the founding member of the Distributed Industry Computing Association. The company developed a number of Internet interests including Altnet, a joint venture with Joltid Ltd., to develop and market secure distributed storage for content using P2P technology to reduce distribution costs and reach new audiences. In 2003 Altnet, using its distributed storage technology, became the largest provider of secure DRM content, having distributed 75 million licensed files to users of various P2P file sharing software applications. Another initiative undertaken by Altnet under Bermeister's stewardship is Global File Registry, which enables governments and copyright owners to police the distribution of illegal or infringing material over distributed systems and the Internet.
In 2006 BDE, Altnet and Kazaa settled major litigation with leading music and motion picture industry plaintiffs. Since then, Bermeister has focused on building and acquiring content, technology and distribution assets for BDE.
During 2006, BDE acquired Kinetech Inc., a company with interests in patents and intellectual property licensing relating primarily to certain key distributing technologies that had been licensed by Altnet since 2002, and were essential to the distributed P2P storage and Global File Registry businesses of Altnet. Kinetech's patent and technology portfolio is often referred to as the Truenames Patent Portfolio.
In 2008, BDE acquired the Kazaa Trademark and relaunched Kazaa with music licenses from major music labels Universal, Sony, Warner Music Group and EMI, major independent record labels, and leading music publishers.
In 2011, BDE subsidiary Kinetech acquired a majority interest in PersonalWeb LLC a Tyler, Texas-based technology company. PersonalWeb develops its software based in part on the 13 pending and issued patents in the Truenames Patent Portfolio.
Bermeister is an active investor in Israeli real estate. In his latest real estate endeavors, he teamed with an Israeli retail magnate to bid for Nof Zion, a major residential project in South East Jerusalem and he acquired a stake in The Leonardo Inn at the entrance to the city. He is a founder of Jerusalem 5800 a long term planning and research project for greater Jerusalem. Bermeister is CEO of The Jerusalem Development Management, manager of The Jerusalem Development Fund.
Bermeister is a major benefactor and supporter of numerous charitable organizations including The Hunger Project, United Israel Appeal, Jewish Care, UniOne Foundation and Jake's Ladder, a foundation for research into Cystic Fibrosis. He was recently awarded the Yeshiva Center Leadership in Philanthropy Award.