Mobile Video Firm SmartVideo Exploring Strategic OptionsAuthored by Mark Hefflinger on March 9, 2007 - 2:16pm.
Atlanta - SmartVideo Technologies, a provider of technology for delivering video to mobile devices that does business as uVuMobile, has announced that it is exploring strategic options and is seeking an investment banker. Atlanta-based SmartVideo's mobile video service offers content from providers including ABC, NBC Universal, Fox Sports and Discovery. "We are currently in negotiations with potential partners regarding a strategic investment in a range of $2-$5 million to support, among other things, further development and deployment of our proprietary mobile platform," said David Ross, the company's president and interim CEO.
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