Comcast Interactive Capital Increases Investment in Broadbus.Business Editors/High-Tech Writers BOXBOROUGH, Mass.--(BUSINESS WIRE)--May 3, 2004 Comcast Interactive Capital Participates In Extension of Oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. Series B Round of Financing for Leading Next-Generation VOD See video-on-demand. VoD - video on demand Solution Provider Broadbus Technologies, Inc., the leading provider of next-generation video-on-demand (VOD) server systems for the cable television industry, today announced the closing of an extension of its oversubscribed $26 million Series B round of financing. The Series B round was led by Star Ventures with participation by all existing investors including Battery Ventures, Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures, Infineon Ventures, Wolf Ventures and Comcast Interactive Capital, the investment arm of Comcast Corporation. The new funds will allow the Company to continue capitalizing on the successful launch and deployment of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Broadbus B-1(TM) Video Server. Broadbus' strong balance sheet will enable it to further expand its sales, marketing, and custom integration efforts. "We are very pleased that Comcast Interactive Capital opted to increase their existing stake in Broadbus. Their decision to participate in our Series B round extension is a testament to the success we have achieved as we begin to launch and deploy our next-generation server platforms into the U.S. cable market," said Vin Bisceglia, Chairman and 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. of Broadbus. "The cable industry clearly recognizes the need for a new, more reliable architecture to support enhanced on-demand services; one that requires far fewer servers with independent scaling capabilities and a useful life that is far superior to traditional systems. We will use this supplemental financing to accelerate the deployment of our B-1, while ramping up our manufacturing resources to support current and future orders." "Broadbus' unique architecture provides a strong platform for supporting the emerging on-demand services of tomorrow," said Sam Schwartz Samuel I. Schwartz, a.k.a. "Gridlock Sam," is one of the leading transportation engineers in the United States, and is widely believed to be the man responsible for popularizing the phrase gridlock. He originally worked as a cabbie. , Senior Managing Partner at Comcast Interactive Capital. "Broadbus' ability to generate operator interest, create a sales pipeline, and deliver the B-1 product to market in such a short period of time led us to make this additional investment." The B-1 video server combines the superior streaming attributes of commodity DRAM with the low-cost storage attributes of RAID, to deliver a next-generation on-demand video server that is superior to the PC based systems currently deployed. Based entirely on commodity components, the B-1 is the only server architecture that streams directly from random access memory with an integrated storage subsystem The part of a computer system that provides the storage. It includes the controller and disk drives. See storage system. made of low cost disk arrays which reduces drive counts in large systems from as many as 1,000 or more to as few as six drives. As the density leader, the B-1 is scalable in Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. increments and offers the ability to simultaneously deliver up to 19,200 MPEG-2 streams per server (38,400 per rack) while ingesting hundreds of channels of both "live" and pre-recorded content. The result is a significantly lower total cost of ownership, greater functionality, and unmatched reliability; all within a footprint that is as little as 1/30th that of current VOD servers. About Broadbus Broadbus develops fully scalable, next-generation video server systems designed to solve streaming scale, space, power consumption and live ingest in·gest tr.v. in·gest·ed, in·gest·ing, in·gests 1. To take into the body by the mouth for digestion or absorption. See Synonyms at eat. 2. issues for cable system operators deploying advanced video services such as video-on-demand (VOD), Subscription VOD, and ultimately, full-scale Television-on-Demand or TOD(R). Broadbus offers an elegant migration path to the emerging TOD(R) environment, while fully exploiting existing upgraded broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . The company's revolutionary server architecture, based on the intelligent configuration and management of massive amounts of random-access-memory, enables operators to offer their subscribers unparalleled convenience, choice and control over their home entertainment. www.broadbus.com. 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, (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMCSA) 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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