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Online Video Technology Firm ROO Raises $15.5 Million in Placement

Authored by Mark Hefflinger on November 17, 2006 - 1:41pm.
New York - ROO Group, a provider of online video technologies for content providers, advertisers and websites, announced on Friday that it has raised $15.5 million in a private placement of its shares with institutional investors.

New York-based ROO's Internet video broadcasting platform is used on websites belonging firms including Verizon, The Sun and The Financial Times, to deliver video content from providers including ABC News, the Associated Press and Reuters.

The company will use the proceeds from the placement to fund ongoing operations and make additional investments in sales and marketing.

Related Links:
http://biz.yahoo.com/prnews/061116/nyth129.html?.v=74
http://www.roogroupinc.com
tags: Deals | Video | Tech | TV | Video Ads | Video Tech | ROO | Investments |



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