Arroyo Video Solutions Raises First Round of Funding from Time Warner Investments, Comcast Interactive Capital, Top VCs.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--April 26, 2004 $13 Million Investment Validates Arroyo's Unique Platform for Delivering Next Generation Video Services Arroyo Video Solutions, Inc., an emerging company developing a unique platform for delivering next generation video services, today announced that it has raised $13 million in a first round of venture funding. DCM DCM abbr. Distinguished Conduct Medal - Doll Capital Management and Foundation Capital led the round with participation from Time Warner Investments and Comcast Interactive Capital, the investment arms of two of the nation's largest media companies. The Company also announced that Carl Amdahl of DCM and Adam Grosser of Foundation Capital have joined its Board of Directors. Arroyo's Video Services Platform enables video providers, including cable companies and broadband operators, to dramatically accelerate delivery of innovative new TV services and applications, such as Video On Demand and interactive video services, to their subscribers. Combining an advanced and extensible architecture with an open standards-based approach, Arroyo's platform also improves video operators' profitability and reduces both capital and operating costs operating costs npl → gastos mpl operacionales by delivering breakthroughs in performance and scalability for on-demand and interactive applications. "Arroyo stands out from the other players in this market because they have taken a unique services approach to the design and development of their platform," said Carl Amdahl, Technology Partner at DCM. "They've thought through the potential applications and created an architecture that can best deliver the kinds of revenue-generating services that video providers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ." "For a mass market opportunity to truly develop around next generation and on-demand video services, the media industry must have a highly scalable and cost-effective solution," said Neil Sequeira, Managing Director, Technology, Time Warner Investments. "Arroyo's platform delivers those capabilities in a product line that is strategically relevant to our industry. We believe that Arroyo can help media companies continue to drive on-demand and interactive video services to consumers." "Advanced video services represent a significant revenue opportunity and competitive differentiation for cable operators," said Warren Lee, Principal at Comcast Interactive Capital. "We are excited about this market opportunity and believe that Arroyo's architecture, world-class development team, and innovative approach make the company an attractive investment for us." Leading Arroyo are CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder, Paul Sherer, and Chief Scientist and co-founder, Drew Major, both of whom have more than 20 years of experience in the communications and networking industries. Mr. Sherer spent 14 years with 3Com Corporation where, as CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and Senior Vice President of Technology, he led 3Com's technical strategy and was personally responsible for several multi-billion dollar 3Com product lines. In the process, Mr. Sherer accumulated over 30 patents. Mr. Major was a co-founder of Novell and spent 21 years with the company. As one of the original developers of Novell's NetWare LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , Mr. Major is often referred to as the "father of the network operating system An operating system that is designed for network use. Normally, it is a complete operating system with file, task and job management; however, with some earlier products, it was a separate component that ran under the OS; for example, LAN Server required OS/2, and LANtastic required DOS. ." He was inducted into the Computer Hall of Fame in 1999. About Arroyo Video Solutions Arroyo Video Solutions is developing a unique platform enabling video service providers, including cable companies and broadband operators, to dramatically accelerate delivery of innovative new TV services and applications, such as Video On Demand and interactive video services, to their subscribers. With a compelling value proposition that combines new services, open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , scalability and cost-effectiveness, Arroyo enables video providers to deploy next generation video services broadly, rapidly and profitably. Headquartered in Pleasanton, California Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894. , Arroyo is a privately-held company funded by leading Silicon Valley venture firms DCM - Doll Capital Management, and Foundation Capital, and by Time Warner Investments, and Comcast Interactive Capital, the investment arms of two of the nation's largest media companies. For more information, please visit www.arroyo.tv. About DCM - Doll Capital Management DCM is a top-performing venture capital firm supporting entrepreneurs building early-stage technology companies. DCM's partners, armed with over a century of operational and investing experience, have funded leading technology companies including About (Primedia), Foundry Networks Foundry Networks is a network system vendor selling high-end managed ethernet switches and routers. The company was founded in 1996 by Bobby R. Johnson, Jr. and is based in Santa Clara, California, USA. (Nasdaq:FDRY), Internap (Nasdaq:INAP (Intelligent Network Application Part) An IN (Intelligent Network) protocol used in a European SS7 network to query databases for a variety of functions not related to call setup and tear down. INAP uses the ASN.1 standard for defining message content. See SS7 and ASN.1. ), IPivot (Intel), PGP (Pretty Good Privacy) A data encryption program from PGP Corporation, Palo Alto, CA (www.pgp.com). Published as freeware in 1991 and widely used around the world for encrypting e-mail messages and securing files, PGP is available for commercial use and as freeware for , Recourse Technologies (Symantec), Remedy (Peregrine Systems  This article about a company does not make it clear whether the subject meets the Wikipedia criteria for . ), and UUNet. DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. Please visit DCM's website at: www.dcmvc.com. About Foundation Capital Foundation Capital is a premier venture capital firm committed to providing exceptional service to entrepreneurs, helping them build truly great companies. The firm takes a hands-on approach, partnering with start-ups in their formative stages and helping them establish relationships with industry leaders and attract key individuals to their management teams. Foundation Capital has participated in the building of over 65 companies with a total market value of over $11 billion. The only established venture firm with more years of operating experience than venture experience among the partners, Foundation Capital offers unequaled value to entrepreneurs in the areas of Enterprise Software, Semiconductors, Telecommunications, and Enterprise Networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. . About Time Warner Inc. Time Warner Inc. is the world's leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems and publishing. About Comcast Interactive Capital Comcast Interactive Capital (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in cable, broadband services, telecommunications, and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com. |
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