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Digital Media Services Firm Onstream Media Raises $2.5 Million

Authored by Mark Hefflinger on March 28, 2006 - 10:32am.
Pompano Beach, Fla. - Onstream Media, a provider of live and on-demand media communications, has raised $2.5 million in a private placement of convertible debt. The company said that it intends to use the proceeds to support ongoing expansion of its marketing efforts, update certain infrastructure, licenses and equipment, and eliminate a portion of its outstanding short-term liabilities. Pompano Beach-based Onstream Media's digital media services technology provides tools for webcasting, web conferencing, managing digital assets, publishing content on the Internet and establishing e-commerce storefronts.
tags: Raise | Digital Media Services Firm | Onstream Media |