Progressive Networks receives third round of external financing totaling $17.9 million.SEATTLE--(BUSINESS WIRE)--Dec. 11, 1996-- RealAudio celebrates more than 15 million Players in distribution and millions of hours of on-line content Progressive Networks, pioneer and market-leader in the delivery of real-time audio and multimedia over the Internet, Wednesday announced that the company has completed a third round of external financing In the theory of capital structure, External financing is the phrase used to describe funds that firms obtain from outside of the firm. It is contrasted to internal financing which consists mainly of profits retained by the firm for investment. totaling $17.9 million. man Sachs. "This round of financing adds spany to bring near-CD quality sound to the Inttheir commitment to developing the hottest streaming multimedia tools on the market will make them the de fac private individuals, including company founder Accel Partner s which totaled $5.7 million. the streaming audio A one-way audio transmission over a data network. It is widely used on the Web as well as company networks to play audio clips and Internet radio. Computers in home networks stream audio (mostly music) to digital media hubs connected to home theaters. market. Millions of hours of on-demand and live content are available to RealAudio Plat ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and 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. bandwidths. RealAudio is HotWired are among the thousands using RealAudiure to develop tools that integrate multiple dver the Internet. Progressive Networks is alsation platform for streaming multiple datatypes. RMA (RealMedia Architecture) See RealMedia. is an extension of the RealAudio system, client-seorks develops and markets software products and services designed to enable users of personal computers andio system in April 1995, more than 15 million Players have been distributed including 10 million from the RealAudio Web site (http://www.realaudio.com) with more than ED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIs Wire's full file on the Internet |
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