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August 14, 2006
Stellent Acquires VC-Backed SealedMedia
US-based Stellent, a content management solutions company, has acquired SealedMedia, a digital rights managagement software firm, for $10 million in cash and up to $5 million based upon the achievement of certain financial milestones. The startup had raised more than $15M in venture financing, the latest being an internal round of $8.5M about a year ago, funded by Crescendo and Pond Ventures.
So this exit was probably not a big winner for the backers. The company founder will join Stellant.
SealedMedia is a Digital Rights Management (DRM) software provider that has a patented ability to give content owners control over files even after they've been downloaded and used by end users. It supports a lot of different file formats, including PDF, Word, Excel, PowerPoint, HTML, GIF, JPEG, MP3 and QuickTime) and gives the rights to purchasers, rather than a particular device, the company said.
Read - STELLENT STAKES LEADERSHIP CLAIM IN CONTENT SECURITY WITH TWO ACQUISITIONS (stellent PR)
Posted on August 14, 2006 12:03 PM | Posted to News And Updates | Specialized Software | Permalink
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