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Video - Tuesday, May 22, 2007

Bear Stearns Invests $5.5M In Online Video's Origin Digital

Weehawken, N.J.-based Origin Digital has raised $5.5M in Series A funding from Constellation Ventures [Bear Stearns.] The company positions itself as a video ASP [application service provider.] Origin boasts that it was the first company to offer an on-line production center in the market; the first to launch a Video Serving Portal; and the first to deliver live pay-per-view entertainment over the Internet.

Origin has an long past. It was the Digital Media Services division of SAVVIS which spun Origin out into the now privately held company currently known as Origin Digital. The company was founded in 1997 as Live Online, a leader in Digital Media acquired by Digital Island in 2000. The company's assets, employees and intellectual property have survived through various transitions and M&A activities through Digital Island, Exodus, Cable and Wireless and then SAVVIS. Origin is now lead by former SAVVIS exec Darcy Lorincz. Bear Stearns' Cliff Friedman is Chairman of the company.

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