Envivio lands $15 million in new funding

Encoding specialist Envivio says it's landed $15 million in financing from venture capital and banking sources. The company, which says it is experiencing 100 percent year-over-year sales growth, and has been extremely active in the cable market, including extensive involvement in new service introductions and trials for the top five cable services providers in North America.

"Envivio has been ahead of the video delivery technology curve for years, which is why we have been the choice when operators look to shake up their markets with innovation," said Julien Signès, Envivio's co-Founder, President and CEO. "We have created a unified platform that delivers premier quality TV service to any device with a screen.

In recent months the company has shaken up its management team adding Erik Miller as CFO, Kevin O'Keefe as COO. Envivio's Chairman of the Board, Gianluca Rattazzi, has taken an increased role at the company as executive chairman to assist with corporate and business development.

For more:
- see this release

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