Plano, Texas – ViewCast, a provider of digital media
delivery services over enterprise, broadband and mobile networks, announced on
Thursday that it has raised $745,000 in a private placement of its shares.
The
six private investors included one ViewCast board member.
Texas-based ViewCast
says that to date more than 350,000 of its video capture cards have been
deployed globally.
"Having jumpstarted revenue growth at the end of 2009
and returned to profitability in the 2010 third quarter, we feel that it is time
to accelerate some of the commercial programs we feel will have the biggest
impact on sales and shareholder value in 2011," said ViewCast president
and CEO Dave Stoner.
"Though this financing is small in size, our goal was
to raise enough to kickoff these programs without significant impact to the
balance sheet or dilution to shareholders."
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