Pathfire Raises $5M MorePathfire Raises $5M More
Hercules Technology Growth Capital provided $5.0 million of debt financing to Pathfire
January 3, 2006
PALO ALTO, Calif. -- Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), a leading debt and equity growth capital provider to technology and life science companies, today announced it provided $5.0 million of debt financing to Pathfire, the leading provider of digital media distribution and management solutions to the television, media and entertainment industries.
"Pathfire is revolutionizing the way in which the media industry manages and distributes its video content by allowing television broadcasters to receive the news and programming content they need electronically, right from their desktops," said Glen Howard, senior managing director of Hercules. "With the help of Pathfire's patent pending distribution platform, broadcasters, news organizations, television networks, Hollywood studios and other media companies can connect and deliver vital information in an easy, fast and economical way."
The Pathfire Digital Media Gateway(TM) (DMG) Platform is an automated digital IP-multicast distribution system that allows content providers to distribute media to broadcasters who automatically receive it in their stations. The DMG platform supports a suite of applications tailored to the needs of news, syndication, video news feeds and advertising content providers and broadcasters. Users can browse, search or preview broadcast-quality video clips right from their desktops in the intuitive interface, and Pathfire's technology enables the seamless management of video content into the existing infrastructure of television stations.
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