Digital storage provider Omneon calls off IPO

Omneon, the Sunnyvale, Calif.-based provider of digital content storage and data processing services for media companies, announced that it has canceled its $115 million filing to go public due to poor market conditions. Its application had been in the hopper since December 2006.

The company has raised $105 million in capital to date from Norwest Venture Partners, Accel Partners, Advanced Technology Ventures, Meritech Capital Partners, Invesco Private Capital and Lucent Ventures.

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