Constellation in the news
Headlines
- July 12, 2010 - Snapfish by HP Acquires Video Platform Technology from Motionbox, Inc.
- January 28, 2010 - Informatica Acquires Siperian; Advances Technology Leadership and Further Expands Addressable Market Opportunity
- January 07, 2010 - SeaChange International Announces Agreement to Acquire VividLogic, Inc.
- January 5, 2010 - Investment Fuels Additional Growth for Hibernia Atlantic and Its Subsidiaries
- December 15, 2009 - Hibernia Atlantic Acquires International Broadcast and Media Production Service Provider MediaXstream
- December 14, 2009 - Commercial Relationships with Consumer Electronics, Cable and Satellite Giants Lead to $15M in Growth Capital for Widevine
- December 8, 2009 - ideeli Receives $20 Million Investment From StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners
- November 11, 2009 - Nordic broadcaster selects Net Insight’s Nimbra platform for video contribution feeds from the Vancouver 2010 Olympic Winter Games
- November 5, 2009 - Motionbox Announces Motionbox PRO - Video-Sharing for Business
- October 8, 2009 - Motionbox Announces Acquisition of Viddyou Inc
- June 16, 2009 - Net Insight Receives Expansion Order from Large North American Sports Broadcaster For High-Demand Network
- June 15, 2009 - Motionbox Selected as Video Provider for Shutterfly Share Sites
- June 8, 2009 - Sonic Solutions Selects Widevine for Video Optimization and DRM
- May 5, 2009 - Constellation Growth Capital joins Highbridge Capital Management and closes third fund at $200 million
- February 17, 2009 - Crispy Gamer to Syndicate Multimedia Content Through Partnerships with Tribune Media Services, McClatchy-Tribune Information Services and GamerDNA
- January 22, 2009 - Bebo, the Global Social Media Network Teams Up with Motionbox to Power User-Generated Video on Bebo's Site
- May 14, 2008 - Accenture to Acquire Origin Digital, Expanding Capabilities in Media, Entertainment and Communications Industries
- March 31, 2008 - MediaXstream closes $10 million Series A funding with Constellation Ventures & Columbia Ventures
- December 13, 2007 - K12 Inc. Announces Pricing of Initial Public Offering.
Investment Fuels Additional Growth for Hibernia Atlantic and Its Subsidiaries
SUMMIT, N.J. & DUBLIN, Ireland--(BUSINESS WIRE)--Hibernia Atlantic, the transAtlantic high bandwidth connectivity provider, today announced that Constellation Growth Capital (Constellation), a growth equity investor in the convergence of media, communications and technology, invested $13.4 million in the company. Columbia Ventures Corporation (CVC) owns the remaining shares of the company.
The investment provides Hibernia with additional capital for growth opportunities, including allowing the company to increase its network Points of Presence (POPs) in North America and Europe. This investment follows Hibernia’s recent acquisition of MediaXstream, a leading provider of high quality transport and managed network services for the media production and broadcast industries.
Constellation is an investment fund founded by Clifford Friedman in 1998 that is now part of Highbridge Principal Strategies, a division of Highbridge Capital Management (HCM). HCM is a $21 billion global alternative asset management firm owned by JPMorgan Asset Management. Under the terms of the transaction, Mr. Friedman will join Hibernia Atlantic’s Board of Directors.
“We are very pleased that Constellation has decided to make a strategic investment in Hibernia Atlantic,” said Ken Peterson, Chairman of Hibernia Atlantic and CEO of CVC. “Under Cliff’s leadership, Constellation has established a commitment to investing in the convergence of media, communications and technology, sharing common goals with CVC and Hibernia Atlantic. We look forward to working together with Cliff and his team to grow our business and further expand our network reach.”
“The combination of Hibernia with MediaXstream creates a growth company of scale to meet the global needs of both the media and financial services industries. It is one of the few companies which can truly meet the quality of service demands for these industries,” added Mr. Friedman. “Few legacy network providers have implemented network infrastructure that is constructed and architected with the latest production-hardened technologies, giving Hibernia a unique competitive position in the market.”
“Constellation’s investment and industry experience better positions Hibernia to expand our business and provide additional services and POPs for customer connectivity,” said Bjarni Thorvardarson, CEO of Hibernia Atlantic. “Hibernia has grown an average of 80% year-over-year for the past few years and we look forward to what this partnership brings to the next phase of our development.”
About Hibernia Atlantic:
Hibernia Atlantic is the only American-owned, diverse transAtlantic high bandwidth connectivity provider. Hibernia is a subsidiary of Columbia Ventures Corporation (CVC). It is a TransAtlantic submarine cable and terrestrial fiber network that offers over 92 redundant network Points of Presence (PoPs) throughout Canada, US, UK and mainland Europe on over 24,000 kilometers of network. Hibernia provides secure and diverse dedicated Ethernet, DTM and optical-level service up to GigE, 10G and LanPhy wavelengths and traditional SONET/SDH services. In addition, Hibernia offers wholesale capacity prices, unparalleled support, flexibility and service. For more information on Hibernia Atlantic's cutting-edge network or to view their corporate video, please visit www.hiberniaatlantic.com.
For Hibernia Atlantic business inquiries, please contact Melissa Butler at 908-988-1990 or melissa.butler@hiberniaatlantic.com.
To view Hibernia's corporate overview video, please click here: http://www.youtube.com/watch?v=p0xVMLEfFrk