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One Less Thing for Flash to Worry About

Move Networks has hit the wall running taking over $90 million in investments from Microsoft and Cisco
By Maureen O'Gara
Article Rating:
July 5, 2010 05:00 PM EDT
Reads:
 4,116

Move Networks, a once-promising adaptive bit-rate video streaming house whose pricey plug-in-based technology was used at least briefly by Fox.com and ABC.com, has hit the wall running taking over $90 million in investments from Microsoft and Cisco, Hummer Winblad, Comcast, Benchmark Capital and Steamboat Ventures and Televista with it.

Officially it's looking for a buyer after failing to raise another $20 million. Staff has been laid off and its CEO, former DirecTV COO Roxanne Austin, is gone, replaced by its biz dev guy.

We mention this in passing because not only was Move a potential rival to the now technically caught-up Silverlight and Apple-snubbed Flash, it was started in 2000 by Novell co-founder Drew Major, NetWare's lead developer and architect. Major, as far as we know, is still a Cisco Fellow doing video things. Funny that Novell's up for sale at the same time.

Published July 5, 2010 – Reads 4,116
Copyright © 2010 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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