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iVAST  Acquired by DG (2004)

4699 Old Ironsides Drive #420
Santa Clara, CA 95054
Website Company Summary Management Team

Technology: Ganesh Rajan (2003)
Sales/Marketing: Steve Cross
Business Development: Ben Silva

Outside board: (May no longer be on the board) Larry Schwerin (Vanguard Venture Partners)
Former outside board: Paul Cataford (BCE Capital);  Chris DeMarche (Verio CTO) David Hull (Centennial Ventures);  David Likins (VSP Capital);  Carl Rosendahl (SBVC Ventures)

Business description: iVAST is a leading provider of digital media hardware and software products. The Company’s MPEG-4 platform is an integrated suite of encoding, authoring, distribution and playback solutions for the delivery of interactive digital media over broadcast, broadband and wireless networks to any device. Distributed through a worldwide sales channel and direct sales force, iVAST provides cross-platform, cost-efficient solutions for content developers, broadcasters, network operators, and consumer device manufacturers. iVAST solutions span applications from live broadcast to broadband network delivery, addressing market needs for conserving bandwidth, extending reach and increasing services revenue. Built on open industry standards for advanced compression and object-oriented interactivity, the iVAST MPEG-4 Platform enables IP Television (IPTV), video-on-demand (VOD), high-definition DVD, satellite news gathering and distance learning services, among others.
Partners include: AdForceKasennaOraclePhilipsPioneerSun MicrosystemsTiVo;  Kaydara;  Reliable Digital Solutions;  The Post Group

Rounds: 3
Recent Fundings:    Jun 2001
Capital raised: 37.0M
Ownership: Acquired by DG (2004)
Corporate investors: TiVoBell CanadaSun Microsystems

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Record updated: Dec 2003
Sector: Software
Year Founded: 1999
Headcount: 26-50 as of Jun 2002
Rounds: 3
Recent Fundings:    Jun 2001
Capital Raised: 37.0M
Ownership: Acquired by DG (2004)