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Move Networks Raises $3.0M, Sets Up Shop In Irvine

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Move Networks , a developer of adaptive streaming technology used to stream high definition television over the Internet, has raised $3.0M Source of the funding was not disclosed, however, Dan Beldy, a venture capitalist at Steamboat Ventures, remains listed as a board member. and Steamboat Ventures.

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Move Networks Acquired by Echostar

socalTECH

Move Networks , the venture backed developer of high definition streaming technology for Internet video, has been acquired by Echostar , the firms said Thursday afternoon. Financial terms of the buy were not disclosed.

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EdgeCast Networks Raises $10M

socalTECH

Santa Monica-based EdgeCast Networks , a content delivery network (CDN) provider, is announcing today that it has raised $10M in a Series C funding round. EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. READ MORE>>.

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Report: Move Networks Shuts Down, Seeking Sale

socalTECH

Streaming video technology firm Move Networks --which apparently moved to Irvine sometime over the last year from Utah after a management shakeout--is reportedly shutting down, and by some reports is now looking for a buyer. The firm, which was started by Novell founder Drew Major, had been backed by Benchmark Capital, Cisco Corp.,

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EdgeCast Gets $54M For Content Delivery Efforts

socalTECH

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

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Rustic Canyon, Steamboat Get Exit At MerchantCircle

socalTECH

Two Southern California venture capital firms have benefited from an acquisition yesterday of Mountain View-based MerchantCircle , an online local business advertising and networking site, by fellow online advertising firm Reply!

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ValueClick Buys Greystripe

socalTECH

Westlake Village-based online advertising firm ValueClick announced this morning that it has acquired Greystripe , an operator of a brand-focused mobile advertising network. Greystripe was venture backed by Steamboat Ventures, Monitor Ventures, Peacock Equity, and Incubic Venture Capital, and was based in San Francisco.