Vicente Capital Partners Funds SportsMEDIA

Los Angeles-based venture capital firm Vicente Capital Partners has invested $12.5M in a funding for sports statistics and information provider SportMEDIA Technology Corp., SportsMEDIA said today. Vicente Capital's investment was led by Jay Ferguson. SportsMEDIA, which is base din Durham, N.C., provides graphics, statistics, and video enhancement for sports broadcasts. SportsMEDIA said it will use the funding to accelerate introduction of new products, migrate to a next generation software platform, and introduce its products into new markets. The firm provides its services to ESPN/ABC, NBC, CBS, VERSUS, Turner, TNT, and other sports broadcasters. More information »