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Tandberg TV Acquires SkyStream Networks for $80 Million

Authored by Mark Hefflinger on February 9, 2006 - 3:42am.
Southampton, U.K. - Tandberg Television, a provider of digital video delivery technology to networks and distributors, has acquired SkyStream Networks, a provider of Internet video delivery technology, for $80 million. Founded in 1996, Sunnyvale, Calif.-based SkyStream employs 100 people and posted 2005 revenues of $30.7 million. U.K.-based Tandberg said the deal will allow it to expand its technology offering for IPTV with the addition of SkyStream's 300 customers, which include Reuters, Comcast, Clear Channel and EchoStar Communications.
tags: Acquire | SkyStream | Tandberg | $80 Million |

Video Networking Equipment Firm SkyStream Networks Raises $25 Million

Authored by Mark Hefflinger on May 5, 2003 - 8:06am.
Sunnyvale, Calif. -- SkyStream Networks, a provider of advanced video networking technologies, announced on Monday that it has secured $25 million in private funding. The investment was led by 3i U.S.; other investors included IVP, Mayfield and Norwest Venture Partners. Sunnyvale, Calif.-based SkyStream provides networking hardware platforms for service providers like telephone companies and global satellite operators, which cost-effectively deliver cinema-quality video and broadband services. Its customers include EchoStar, BT, Clear Channel Worldwide and Sony. The company will use the additional funds to bolster its corporate operations and product development as it moves toward profitability. http://www.skystream.com/press/2003/050503-ss_secures.stm
tags: VC | Video | SkyStream |