From the Wires
Hercules Announces $5 Million Growth Capital Financing to Pathfire, the Leading Provider of Digital Content Distribution Solutions
Hercules Announces $5 Million Growth Capital Financing to Pathfire, the Leading Provider of Digital Content Distribution Solutio
By: PR Newswire
Jan. 3, 2006 12:00 PM
PALO ALTO, Calif., Jan. 3 /PRNewswire-FirstCall/ -- Hercules Technology Growth Capital, Inc. , 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.
About Hercules Technology Growth Capital:
Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialized finance company providing debt and equity growth capital to technology-related companies at all stages of development. The company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules focuses its investments in companies active in technology and technology-related industries such as computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure, Internet consumer and business services, telecommunications, and life sciences. The company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses.
Pathfire, headquartered in Atlanta, is the leading provider of digital content distribution and management solutions for the broadcast, media and entertainment industries, supplying innovative digital solutions, from distribution to air, for broadcasters, news organizations, television networks, Hollywood studios and other media companies. Pathfire's Digital Media Gateway(TM) (DMG) is an advanced digital IP store-and-forward platform, delivering news stories, syndicated programming, advertising spots, and video news releases to more than 1,300 broadcasters throughout North America.
More information about the company and its products is available at http://www.pathfire.com/.Hercules Technology Growth Capital, Inc.
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