South San Francisco – Envivio, a provider of video delivery
technology, said on Monday that it has filed to raise up to $69 million in an
initial public offering (IPO) of shares.

Stifel Nicolaus Weisel and Piper
Jaffray will act as joint book-running managers for the offering, while Needham
& Company and William Blair & Co. will act as co-managers.

South San
Francisco-based Envivio offers live and on-demand, multi-screen IP video
processing and delivery services, to customers including Cisco.

The company
reported $30 million in revenues last year and a net loss of $2.5 million.

Envivio has to date raised more than $41 million, from backers including HarbourVest
Partners, Atlantic Bridge, Samsung Ventures, Credit Agricole Private Equity,
Crescendo Ventures, Innovacom, Harbinger Ventures, Intel Capital, NTT and


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