Envivio Files for IPO

Envivio, a South San Francisco company that makes Internet video distribution software, has filed S-1 registration papers with the Securities and Exchange Commission in preparation for a public offering. The 117-employee company, founded in 2000, has developed compression and networking software that helps mobile, landline, and cable operators transmit Internet-based video to multiple devices. The company, whose top shareholders are HarbourVest, Crescendo Ventures, Crédit Agricole Private Equity, Saints Capital, Atlantic Bridge Ventures, and Fonds de solidarité des travailleurs du Québec, said in its S-1 that it has incurred than $27 million in losses since 2009. Envivio plans to trade on the NASDAQ exchange under the ticker symbol “ENVI.”

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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