Avail Media, acquires ViewNow, for video-on-demand boost
Avail Media, which provides video-on-demand programming, has acquired (see release) a similar company, ViewNow, from Sunnvale, Calif.’s Kasenna Inc.
Avail, of Reston, Va., didn’t disclose the amount of the deal.
Avail raised $17 million raised a second round of capital earlier this year from Novak Biddle Venture Partners and Columbia Capital.
ViewNow has deals with Buena Vista/Disney, DreamWorks SKG, Lions Gate Films, NBC/Universal, New Line Cinema, Paramount, 20th Century Fox and Warner Bros.
Avail Media, a provider of Internet TV services to broadband operators, raises $17M
Avail Media, a Reston, Virginia provider of IPTV and advanced media services to broadband operators, said it has raised $17 million in Series-B venture financing.
The round was co-led by Washington, D.C. area funds Novak Biddle Venture Partners and Columbia Capital,
Avail Media was founded in early 2007 as the result of the merger between Auroras Entertainment and Broadstream Communications.
The company is led by CEO Ramu Potarazu, who told VentureWire (sub required) separately that the company’s… Continue Reading