Comcast Buys Video Delivery Firm Radiance For $5 Million

Comcast (NSDQ: CMCSA) Media Center, the video delivery unit of Comcast Cable, has bought out all of the assets of Radiance Technologies, a provider of asset-delivery systems for distributing and managing large digital video files, for about $5 million, reports Multichannel. Radiance, based in Sunnyvale, CA and founded in 2000, had investors such as Sutter Hill Ventures, Vanguard Ventures, Levensohn Venture Partners, ChevronTexaco Venture Equities and Net Partners, though this sale seems to be more of a fire sale. The company had raised at least $26 million and possibly more over the years. Tom Engdahl, Radiance

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