Atlanta - EG Technology, a provider of digital video processing equipment, has raised $5 million more in its third round of venture capital, bringing the round's total to $20.5 million, according to a report in PE Week Wire.

Investors in the deal include return backers H.I.G. Ventures, Gray Ventures, Noro-Moseley Partners and Sevin Rosen Funds.

Atlanta-based EG Technology manufactures digital video signal processing equipment for television distribution over cable, satellite and IPTV networks.

Its technology is designed to provide for more video on demand bandwidth, and more efficient analog-to-digital conversions within existing networks.

Related Links:
http://www.egtinc.com/default.aspx?PID=3254