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Grab Networks Raises $12 Million

Internet Video Management and Syndication Player Closes Debt and Equity Funding

By Todd Spangler -- Multichannel News, 6/2/2009 6:31:11 AM

Grab Networks, the Internet-video management and distribution company formed by Anystream's acquisition of Voxant in September 2008, announced it had closed a $12 million round of debt and equity funding from its existing investors.

The Dulles, Va.-based company's investors include Softbank Capital, SCP Capital, Longworth Venture Partners, and Court Square Partners. Grab Networks also announced the addition of Horizon Technology Finance to lead the venture debt portion of the round.

Grab Networks said it will use the new funding to expand the grabMediaOS suite of hosted services for video syndication linking media companies, publishers and advertisers. The company will also continue to invest in its leading video-indexing technology and its ad network.

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