Acinion Becomes BlackwaveAcinion Becomes Blackwave

BOSTON -- Acinion, a provider of advanced storage and delivery infrastructure solutions for Internet video, today announced it has changed its name to Blackwave Inc. The company also reported it has raised $16 million in Series B financing led by Sigma Partners and joined by both of its Series A financing investors – Globespan Capital Partners and IDG Ventures Boston.

Blackwave Inc. is delivering infrastructure technology that increases video delivery efficiency by a factor of ten while dramatically reducing the cost of content delivery. The current funding round will enable the company to expand its engineering, marketing and sales teams as it rolls out its Internet video storage and delivery systems in the first quarter of 2008.

“Having attracted top-tier investors, we can accelerate our ability to meet the rapidly growing demand for innovation in the Internet video infrastructure market,” said Robert Rizika, Blackwave’s President and Chief Executive Officer. “We are well-capitalized to bring an unparalleled infrastructure solution to market for anyone looking to cost-effectively deliver Internet video, including media & entertainment companies, CDNs, social media, and aggregators.”

Blackwave Inc.