First Round Capital, NewSpring and Internet Capital Group lead $6 million Series A round in Radnor's Relay Network

A couple of months back I mentioned Relay Network of Radnor, which had been reported by PricewaterhouseCoopers/MoneyTree to have raised $2.1 million from investors including NewSpring Capital. The venture was in a stealth mode, and I really couldn't find out much about what it might be planning to do.


Now, curiously, there is a deleted Wikipedia entry that says Relay has raised a $6 million Series A from NewSpring Capital, First Round Capital, Internet Capital Group and private investors (you can see a snippet of the deleted entry if you search on "NewSpring", "First Round Capital" and "Relay Network"). A look at Relay's website does confirm those firms are investors. The lead execs are CEO and eCount co-founder Matt Gillen, and President Steve Gillen from MBNA/Bank of America. Although the website's description is still vague, the venture's service apparently involves providing urgent customer service notifications via mobile phone.

The website also says: "Big news coming soon".



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Daily Links 4/25/2011: Netflix tied with Comcast for number of US video subscribers

IT, Your Fifteen Years are Up
Cutting the IT Bottom out of SAP’s Peach Basket (SAP Searchlight)

The Case for ERP Consolidation (Mint Jutras)

More companies opting for smaller ERP over marquee systems, report finds (SearchManufacturingERP.com)

Unisys Announces First-Quarter 2011 Financial Results (PR Newswire)
Revenue down 7%; increased loss on charge.

Leighton Yohannan Invests in PayCommerce and Named Chairman
(PR Newswire)

For Netflix, Higher Earnings and a Milestone (New York Times: Media Decoder)
Essentially tied with Comcast in US subscribers.

Netflix Falls as Second-Quarter Profit Outlook Misses Estimates (Bloomberg)

Liberty Media’s Greg Maffei on the future of the television industry (Washington Post: Post Tech)

Tennis, Comcast To Volley Before FCC Administrative Law Judge On Monday
Network Seeks Broader Distribution In Program Carriage-Complaint (Multichannel News)


Tru2way: Cable’s Path to IP Video?
CableLabs Demo Showcases DVRs Pumping Content to Multiple Devices (Multichannel News)

Michael Dell is Keeping His Head in the Clouds (Gigaom)



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