Digital Fountain Builds Momentum With $20 Million Round of Financing, Moves Toward Solving Internet Content Brown Out.Business Editors and High Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Oct. 30, 2000 Matrix Partners' Andrew Verhalen Named Newest Member of Digital Fountain Board of Directors Digital Fountain, the leading innovator in delivering high-demand rich content to television-scale Internet audiences, today announced the completion of its third round of financing, a $20 million investment led by Waltham, Mass.-based Matrix Partners. Matrix joins Granite Ventures Granite Ventures is a private venture capital firm with offices in San Francisco California. It has backed such companies as Tumbleweed Communications, Plumtree Software, Sendmail, and Westbridge Technology. , Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , Adobe Inc., Sony Corp., and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. as investors in Digital Fountain, originator of the revolutionary "meta-content" approach to solving content brown-out on the Internet. Digital Fountain has now raised $27.5 million in three rounds of private financing. Congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. on the Internet's backbone contributes to frequent "content brown-out", denying users access to popular content and translating into lost revenue for e-businesses. Delivery of rich content with audiovisual elements has become all but impossible on today's Internet for large, concurrent audiences. Existing content delivery solutions enable random user access to cached content, which works well for small amounts of data and small audiences. However, when concurrent access The ability to gain admittance to a system or component by more than one user or process. For example, concurrent access to a computer means multiple users are interacting with the system simultaneously. and content size increase, additional servers are required to satisfy user demand. Digital Fountain's meta-content approach enables delivery of rich content to virtually limitless audiences utilizing existing infrastructures, without significant additional hardware expenditure for service providers and enterprises. "Simple static caching cannot meet the demands that dynamic rich media content places on an Internet network. Service providers and enterprises alike are searching for robust technologies to help them deliver high quality video and audio content," said Michael Hoch, research analyst for Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "Digital Fountain's technology is a novel approach to the problem of on-demand access to rich content over the Internet to large audiences, and can help transform the Internet into a viable broadcast medium." Digital Fountain also announced Andrew Verhalen as the newest member to its board of directors. Andrew brings a wealth of technology management experience to the Digital Fountain board. In addition to his current service as director for a number of leading Internet infrastructure companies in Silicon Valley, Mr. Verhalen previously served as a divisional vice president of 3Com Corp. and managed marketing and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. in the Microprocessor Group at Intel Corp. "Digital Fountain has made a breakthrough in content delivery technology with a unique approach to solving content congestion that enables the Internet to serve as a broadcast medium" said Andrew Verhalen, general partner at Matrix. "Matrix has consistently recognized network technology innovators, and we're pleased to contribute to Digital Fountain's advances in content delivery on the Internet." About Matrix Partners Since its inception in 1977, Matrix Partners has been dedicated to helping outstanding entrepreneurs build industry leading technology companies. Matrix is focused on companies that provide products and services that drive the Net Economy with a particular emphasis on e-business solutions, Internet commerce and the communications infrastructure. With offices in the two major technology centers - Boston and Silicon Valley - Matrix has developed an exceptionally strong network of contacts and entrepreneurial know-how. Companies that have gone public out of the Matrix portfolio in the last 18 months and that Matrix played a founding role in have generated more than $85 billion of market value. These include ArrowPoint Communications (recently acquired by Cisco), Alteon Web Systems (Nasdaq: ATON Aton or Aten In ancient Egyptian religion, a sun god, depicted as the solar disk emitting rays terminating in human hands. The pharaoh Akhenaton (r. 1353–36 BC) declared Aton to be the only god, and in opposition to the Amon-Re priesthood of Thebes, ), Blue Martini Software Blue Martini Software (Blue Martini Software, Inc.) was a privately held software manufacturer and professional services provider based in San Mateo, California that sells and supports an eponymous e-commerce enterprise application that supports sales online, by phone, and at the (Nasdaq: BLUE), BeFree (Nasdaq: BFRE BFRE Besoin en Fonds de Roulement d'Exploitation (French: Working Capital Requirement for Exploitation) ), OnDisplay (recently acquired by Vignette), Phone.com (Nasdaq: PHCM PHCM Master Chief Photographer's Mate (Naval Rating) ), SilverStream Software (Nasdaq: SSSW), Sonus Networks (Nasdaq: SONS) and Sycamore Networks (Nasdaq: SCMR SCMR Supply Chain Management Review SCMR Society for Cardiovascular Magnetic Resonance SCMR Software Configuration Management Record SCMR Symmetrical Compact Microstrip Resonator SCMR Service Control Manager Remote ). About Digital Fountain(www.digitalfountain.com) Digital Fountain is a leading innovator in content delivery with its patent-pending technology that dramatically reduces system resources by transforming original media into a unique meta-content structure. This technology enables Digital Fountain content and streaming servers to support any user-base regardless of its size or concurrency Operations that are performed simultaneously within the computer. For example, dual-core CPUs provide complete overlapping of two independent processes. See dual core, hyperthreading, multiprocessing, multitasking, multithreading, SMP and MPP. concurrency - multitasking while utilizing system loads that can be orders of magnitude less that other techniques. Digital Fountain servers further optimize existing enterprise or service provider infrastructures by making all requesters appear as a single virtual user and thus enable unconditional user concurrency, maximized resources and complete system predictability. Additional information may be obtained by calling Digital Fountain at +415/401-2100, sending a fax to +415/401-2199, or sending e-mail to info@digitalfountain.com. Company information is also available on the web at www.digitalfountain.com. |
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