Everstream Holdings Inc., which has developed technology and software to
insert advertising into video-on-demand programs, has closed its second round of
financing totaling $2.5 million.
Concurrent Computer Corp. led the charge, joined by Lauder Partners, former
Concurrent executive Fred Allegrezza and several original Everstream
investors.
Everstream has deals with Concurrent and nCUBE to supply its software for VOD
platforms. The company raised $8.5 million in its first round of financing in
August 2000.
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