encoding.com Receives $48 Million from AOL, Intel, Microsoft
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encoding.com Tuesday secured a third round of financing totaling $48 million, led by Wasserstein Adelson Ventures.
This financing round is composed of industry companies and venture capitalists, including America Online, CBS, Intel, Microsoft, and NBC, who are participating in the advancement of the streaming media industry. Funds will be used to accelerate the company's digital media applications strategy and U.S. and international expansion.
"Our investment in and relationship with encoding.com demonstrates our continuing efforts to bring digital media into the mainstream," said Dave Fester, director of marketing, Streaming Media Division, Microsoft. "encoding.com's ongoing support for Windows Media in their products and services represents both companies' shared vision for enabling high quality audio and video content."
encoding.com recently announced the acquisition of Alive.com, a multimedia applications developer and the launch of its Consulting Services Group (CSG). Alive.com's e-Show Engine is a digital media application that makes it simple to create, host and manage media on any Web site.