Radiance

Radiance develops the technology to facilitate the movement of digital video files for the advertising and enterprise sectors.

Radiance, based in Sunnyvale, CA and founded in 2000, had investors such as Sutter Hill Ventures, Vanguard Ventures, Levensohn Venture Partners, ChevronTexaco Venture Equities and Net Partners, though this sale seems to be more of a fire sale. The company had raised at least $26 million and possibly more over the years. Radianceâ€s technology helps moves digital video files for the advertising and enterprise sectors. Its product development market has merged with the CMCâ€s engineering and integrated technology unit.