Envivio Secures $15M in Mezzanine Financing

Envivio, a South San Francisco, CA-based  provider of solutions for video-over-IP delivery, has secured $15m in mezzanine investment from venture capital and banking sources.
The proceeds from the financing will enable the company, which is is experiencing 100% year-over-year sales growth, to continue to extend its position in the Video over IP market.
To reinforce this progress, Envivio has recently strengthened its executive management team with Erik Miller, who has joined as CFO, and Kevin O’Keefe, who has taken on the role of CO.
Executive Chairman of the Board is Gianluca Rattazzi, who brings 25 years’ experience with technology startups.
The company’s solutions deliver content streams to different styles of mobile devices, set top boxes, and PC platforms, on behalf of content owners, telecom operators, cable and satellite companies and mobile service providers in every market in the world.¬†
Envivio operates offices in France, England, China, Singapore and Japan.
FinSMEs
28/07/2010

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