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Streaming Delivery Firm VitalStream Acquires Eonstreams for $17 Million

Authored by dmw on May 22, 2006 - 6:55pm.
Irvine, Calif. - VitalStream, a provider of audio and video streaming content delivery network services, announced on Monday that it has acquired Eonstreams, a provider of Internet ad insertion and streaming technology, in a stock deal valued at $17 million. Irvine, Calif.-based VitalStream said it purchased substantially all of the assets and assumed substantially all of the liabilities of Tennessee-based Eonstreams. VitalStream said the acquisition will enhance its services, offering its customers the ability to insert streaming ads into live and on-demand streaming broadcasts that target specific demographics.
tags: Deals | Video | Advertising | Tech | Broadband | Acquisitions | Video Tech | VitalStream | Eonstreams |