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[February 27, 2006]
EGT Completes $8.5 Million in Series C Funding; Industry Veteran Venture Firms Invest in Company Growth
ATLANTA --(Business Wire)-- Feb. 27, 2006 -- EGT, Inc., delivering the world's best digital video experience, has completed an $8.5 million Series C funding from industry veteran firms Noro-Moseley Partners, H.I.G. Capital, Sevin Rosen Funds and others. The financing will support operational growth and international expansion. The funding will also speed new product delivery for IPTV.
"We are very pleased with the investment and the strategic support our investors bring to EGT," said Greg Nicholson, CEO of EGT. "This growth round of funding accelerates our product and market development plans."
EGT equipment enables cable, telco and satellite network operators the ability to deliver more television channels over their existing networks at a higher quality than competitive offerings. The company is in its sixth year of operations and has experienced rapid growth through product deployments at the largest operators in North America and around the world.
"EGT's technology and products offer much-needed solutions for an expanding digital video marketplace," said Steve Nussrallah, General Partner of Noro-Moseley Partners. "Their success delivering high quality digital video products positions the company for continued growth, and we are glad to provide our financial and strategic support."
EGT Inc., delivers the world's best digital video experience, helping today's leading multiple system operators (MSOs), broadcasters, content providers, and satellite and telecommunications companies deliver more value-added services and new revenue streams using existing networks. Today's North American and international MSOs rely on EGT's technology as a cost-effective, flexible solution for delivering the best video quality experience in the world, featuring more channels of content, more video on demand bandwidth, and more efficient analog-to-digital conversions. Headquartered in Atlanta, with an office in Denver, EGT is privately owned and backed by industry-leading investors. For more information call (404) 591-4800 or visit at www.egtinc.com.
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