Omneon Files For IPO
Sunnyvale-based Omneon Video Networks said last week in a filing with the SEC that it is looking to raise up to $115M in an IPO on the Nasdaq. Omneon, provides digital content storage and processing systems for media companies, used for the broadcast video market. The firm said that it earned $6.3M on $60.27M in revenues for the nine months ended September 30, 2006. The IPO is being underwritten by JP Morgan, Deutsche Bank Securities, Canaccord Adams, Needham & Company, and JMP Securities. Omneon Video is backed by Norwest Venture Partners, Accel Venture Partners, Advanced Technology Ventures, INVESCO Private Capital, Meritech Capital Partners, and Lucent Venture Partners.
posted on Tuesday, January 2, 2007
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