Interactive Video Technologies Gets $5M

Los Angeles-based Interactive Video Technologies (IVT) has received $5M in venture capital funding from Monitor Ventures and prior investor Tudor Ventures. The firm said this morning that it would use the funding to enable it to bring new products to market. IVT develops software for the creation, management, and distribution of live and on-demand webcasts. The firm said that its customers include Cisco, IBM, Ernst and Young, EDS, and others, who use its products for sales force training, corporate and customer communications, and investor relations. More information »