Everstream ends second financing round. (This Just In).(Brief Article)
Multichannel News, July, 2002
CLEVELAND -- Video-on-demand ad-insertion software provider Everstream Holdings Inc. last week closed on its second, $2.5 million round of financing. Concurrent Computer Corp. led the charge, joined by Lauder Partners, former Concurrent executive Fred Allegrezza and several original Everstream investors.
Everstream has deals with Concurrent and nCUBE Corp. to supply ifs software for VOD platforms. Everstream raised $8.5 million in its first round of financing in August 2000.
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