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Scopus Network Technologies Raises $15.5 Million in Second Round of Financing; Genesis Partners Leads Round; Proceeds to fund market penetration of New Intelligent Video Networks Solution.

Publication: PR Newswire
Publication Date: 06-AUG-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ROSH HA'AYIN, Israel, Aug. 6 /PRNewswire/ -- Scopus Network Technologies, a leading supplier of digital compression technology to the broadcasting industry, announced today that it has raised $15.5 million in its second round of financing. Genesis Partners, a leading Israeli Venture Capital Fund, led the financing round with other investors including the industrialist Zohar Zisapel, and existing Scopus investors' Koor Corporate Venture Capital, Pitango Venture Capital, Vertex Venture Capital, Formula Ventures and Catalyst Investment.

Scopus Network Technologies provides complete end-to-end system solutions for the delivery of Digital TV & Data over broadband networks. Its intelligent MPEG-2 and DVB video distribution architecture enables professional broadcasters to make a quick and smooth transition to digital broadcasting. Scopus anticipates an increase of close to 50 percent...

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