Media Business News and Trends

Nellymoser, Inc., a solutions provider for premium music services, mobile media, and commerce storefronts and branded infotainment portals, has closed a $5.3 million round of funding led by SOFTBANK Capital.

Posted May 10, 2005

NTT DoCoMo has announced that it will establish a wholly owned subsidiary, DoCoMo Capital, in California that will invest in venture companies that develop advanced mobile communications technologies.

Posted May 10, 2005

VitalStream Holdings Inc., the parent company of VitalStream, Inc., a streaming media solutions and global content delivery network (CDN) provider, has acquired the business of PlayStream, LLC, a provider of small business streaming media services, headquartered in Seattle, Washington.

Posted May 06, 2005

Verizon Communications Inc. has agreed with MCI, Inc. to further amend the terms of the Feb. 14, 2005 agreement to acquire MCI. As with the original offer and the revised bid of March 29, the MCI Board of Directors is unanimously recommending approval of the amended agreement to its shareholders.

Posted May 06, 2005

Sorrent, Inc., a creator and publisher of mobile entertainment, has raised $20 million in Series D financing led by expansion-stage venture capital firm, Granite Global Ventures. Sorrent's current investors, including BA Venture Partners, New Enterprise Associates (NEA), Globespan Capital Partners and Sienna Ventures, joined Granite Global Ventures in the round.

Posted May 06, 2005

WebSideStory, a provider of on-demand digital marketing applications, has completed its acquisition of Avivo Corporation, a provider of on-demand site search and Web content management. Under the terms of the deal, WebSideStory acquired all of the outstanding capital stock and options of Atomz in exchange for approximately 3.1 million shares of common stock and approximately $4.3 million in cash.

Posted May 06, 2005

SealedMedia has secured $8.5 million of new equity and has announced Sealed Email for Blackberry devices. SealedMedia's new equity will be used to finance its market and product development in 2005 and beyond.

Posted Apr 26, 2005

DoubleClick Inc., a provider of data and technology solutions for marketers, advertising agencies, and Web publishers, has signed a definitive agreement to be acquired by Hellman & Friedman LLC, a San Francisco-based private equity firm. The transaction is expected to be completed in the third quarter.

Posted Apr 26, 2005

NewsGator Technologies, Inc., a RSS software platform company, has closed a third round of funding led by Masthead Venture Partners and with continuing support from existing investor Mobius Venture Capital. This brings the total capital raised by the company since June of 2004 to over $10 million.

Posted Apr 22, 2005

China Government policy making organizations and media certification agencies, along with Chinese technology and broadband companies, have come together to celebrate the formation of a China Media-on-Demand (MOD) Coalition to create a new media on-demand platform encompassing software, hardware, content, encryption, encoding, content certification, distribution network, payment system, and business protocols for the delivery of rich media content, worldwide.

Posted Apr 19, 2005

Idiom Technologies, Inc. (Idiom), an enterprise software company that combines XML publishing and globalization, has closed a $6 million round of venture financing. The Series E round includes investors Sigma Partners, North Bridge Venture Partners, Globespan Capital Partners, and Greylock.

Posted Apr 19, 2005

Adobe Systems Incorporated has announced a definitive agreement to acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion. Under the terms of the agreement, which has been approved by both boards of directors, Macromedia stockholders will receive, at a fixed exchange ratio, 0.69 shares of Adobe common stock for every share of Macromedia common stock in a tax-free exchange.

Posted Apr 19, 2005

AIIM, the enterprise content management standards developer, has announced a new activity to develop a service oriented architecture (SOA) framework for Interoperable Enterprise Content Management (iECM). The project currently referred to as iECM, through the development of standards intends to address the growing need for a common integration layer between different enterprise content management related systems and multiple business applications.

Posted Apr 15, 2005

Video Without Boundaries, Inc., a provider of interactive, media-convergent home entertainment devices, has announced the forming of a United Kingdom (UK) subsidiary to develop wholesale and retail distribution opportunities for its MediaREADY broadband media devices. With the opening of a UK office, VWB plans to exploit the demand for entertainment devices in broadband-equipped homes throughout Europe.

Posted Apr 12, 2005

Akamai Technologies, Inc., a service provider for accelerating content and business processes online, confirmed that Paul Sagan has assumed the role of chief executive officer of Akamai. Sagan holds the title of president & CEO, and also serves on the company's board of directors.

Posted Apr 08, 2005

Mediasurface plc, a content management provider, has announced the acquisition of Class-Act Bv, the Netherlands-based supplier of the Silverbullet content management system. The deal for the intellectual property of Silverbullet and the services of its authors, is valued at approximately $515,000, and is made up partly of cash and equity.

Posted Apr 08, 2005

FeedBurner has announced, via a company blog, that it has completed a $7 million second round of financing for the company. Mobius Venture Capital led the round and was joined by new investor Sutter Hill Ventures and existing investors Portage Venture Partners and Draper Fisher Jurvetson.

Posted Apr 05, 2005

IHS, a provider of critical technical information, decision-support tools, and related services, has announced that the company has acquired American Technical Publishers Ltd (ATP) of Hertfordshire, England.

Posted Apr 05, 2005

Fortiva Inc, a provider of email archiving solutions for compliance and legal discovery, has raised an additional $4 million in equity financing from Ventures West and Mclean Watson Capital. This amount is in addition to the $1 million invested by McLean Watson in late 2004. The funds will be used to support sales and marketing efforts as well as further product development.

Posted Apr 05, 2005

Leslie Moonves, chairman, CBS and co-president/co-COO, Viacom, has announced that Larry Kramer has been named president, CBS Digital Media. Kramer, who founded Dow Jones' MarketWatch, Inc. (formerly CBS MarketWatch), will now oversee all developing new media operations for CBS, including CBS.com, CBS SportsLine.com, CBSNews.com, and UPN.com, among others, as well as a new sales operation that will serve them.

Posted Apr 01, 2005

Eliyon Technologies Corporation has changed its name to Zoom Information, Inc. Zoom Information is a search engine that extracts and summarizes information about people.

Posted Mar 29, 2005

Oracle has completed the acquisition of Oblix, Inc., a privately held developer of identity-based security solutions for heterogeneous computing environments. Founded in 1996 in Cupertino, Calif., Oblix is a developer of identity management software that allows Web access control including Single Sign On (SSO), identity administration, and user provisioning.

Posted Mar 29, 2005

SunGard, a provider of integrated software and processing solutions primarily for financial services and provider of information availability services, together with a consortium of seven private equity investment firms, announced the execution of a definitive agreement under which the consortium will acquire SunGard in a transaction valued at approximately $11.3 billion.

Posted Mar 29, 2005

Google Inc. has agreed to acquire Urchin Software Corporation, a San Diego, California based Web analytics company. Urchin is a Web site analytics solution used by Web site owners and marketers to better understand their users' experiences, optimize content, and track marketing performance.

Posted Mar 29, 2005

E Ink Corporation, a developer and marketer of electronic paper display technology, has announced that Intel Capital has invested an undisclosed amount in the company. E Ink Corporation products are designed to enable a new type of electronic display with a bright white background and crisp text and pictures similar to printed documents.

Posted Mar 25, 2005

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