Kasenna, which does IP video infrastructure and applications (aka IPTV) is selling for just $6.1 million, according to VentureWire. The purchasing company is another IPTV player, Espial, in what will be an all-stock deal.

This sale is a huge loss for its investors as Kasenna has more than $70 million in funding pumped into it by firms including Intel Capital, U.S. Venture Partners, SGI and Sun Microsystems.

The Sunnyvale, Calif.-based Kasenna was founded in 2000.