encoding.com, a creator of digital
business solutions and a provider of optimized audio and video encoding
services, secured a second round of investments totaling $10 million.
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The funding, led by RRE Investors and supported by existing
investors, including Olympic Venture Partners and others, will be used to
support encoding.com's expansion plans, the company said.
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"RRE Investors focuses on expansion-stage funding opportunities with market
leaders," said Stuart Ellman of RRE Investors and a member of encoding.com's
board. "encoding.com is clearly the leader in a key segment of the streaming
media industry."
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encoding.com said it would also use the funding to add a new consulting
services business unit and expand its headquarters and production operations.
Clients include RealNetworks, Microsoft, Apple Computer, ABC, Cisco, Buena
Vista/Disney, FEMA, Major League Baseball, Merck, Safeco Insurance, Sony and
Warner Brothers.
encoding.com recently launched its first online application, mediaUpgrade.com, to convert
non-streaming digital media into new streaming and Internet formats such as
MP3, Windows Media and Real Media.
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