Content delivery company Radiance sells to Comcast for $5M
Radiance Technologies, a Santa Clara, Calif. company that builds systems to help large companies distribute video and other digital information, has sold to Comcast for $5 million, Multichannel reports. Investors will be marking this one in the loss column. The company, founded in 2000, had raised a total of $26 million from Sutter Hill Ventures, Vanguard Ventures, Levensohn Venture Partners, ChevronTexaco Venture Equities and Net Partners
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About the Author, Eric Eldon
Eric wrote about digital media for VentureBeat until August 2009. To reach VentureBeat's current writers, email tips@venturebeat.com.
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