Asia
Alticast Closes $21 Million in New Financing
By Seoul, Korea
Jul 25, 2006, 16:09

Alticast today announced it closed an aggregate investment of $21 million by funds managed or advised by or entities affiliated with AIG Global Investment Group.

Alticast is the most deployed DVB-MHP and OpenCable OCAP solutions provider in the digital broadcasting industry.

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Alticast is the most deployed MHP and OCAP solutions provider in the digital broadcasting industry. Alticast offers software solutions and services for the creation, delivery, and reception of interactive television content based on the DVB-MHP and OCAP digital broadcasting open standards. Alticast is "first-to-market" with deployed MHP and OCAP products for cable, satellite, and terrestrial operators. A privately owned company, Alticast headquarters are located in Seoul, South Korea; a business and technology center in Broomfield, Colorado, USA; and sales offices in Beijing, China and Frankfurt, Germany.