01.06.2003 12:00 PM
Web streamer Anystream raises $11 Million

The company will use the new funds to grow market share for its Agility media software product line and to support new initiatives.

Proving that funding is still available to those companies that prove they can sustain a viable business model, Anystream said it has received $11 million in funding from Falcon Private Equity and existing investor SCP Private Equity Partners. This is the third round of funding raised by the company, that develops software that automates media encoding and transcoding of streaming, broadcast and production formats.

Among a wide range of broadcast clients, Anystream’s Agility software is in use at BBC Technologies, BSkyB, BT Broadcast Services, CNET, CNN, Fox News, MTVi, and Warner Brothers.

The company, which has now raised more than $28 million in venture capital since April 2000, said it would use the new funds to grow market share for its Agility media software product line and to support new initiatives.

Concurrent with the new funding, Anystream announced several additions to its board of directors, including Gregga Baxter and Kevin Bennis, a former CEO of Sprint Canada (Call-Net) and President of Frontier Communications. Additional investors include the Intel 64 Fund and Citigroup Investments.

Anystream’s Agility software architecture provides an automated software solution for acquiring, archiving, webcasting, managing and repurposing media assets in broadcast, postproduction and Internet workflows. The scalable product line features entry-level configurations, a client migration path for adding features and processing capabilities and a software development kit for extending Agility command and control to other mission-critical software platforms and applications. Agility runs on off-the-shelf servers, eliminating the need for proprietary hardware systems.

For more information visit www.anystream.com.

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