class=t>Reactrix Completes $45M Financing with New Investments from the D. E. Shaw Group and Menlo Ventures class=tt>Thursday February 15, 10:27 am ET
, Feb. 15 /PRNewswire/ -- Reactrix Systems, Inc., an spanning malls and theaters across the nation, has completed its Series D institutional equity financing, totaling $45 million.
The financing, the largest in the company's history, was led by new investors the D. E. Shaw group and Menlo Ventures, and included participation from existing investors Mobius Venture Capital, Thomas Weisel Venture Partners and Worldview Technology Partners.
Montgomery Company represented Reactrix in the Reactrix, which included the expansion of its network to 165 malls and Sprint, and Visa. "Reactrix now has the financial resources it needs to network in the U.S.
and abroad," said Reactrix Chairman and CEO Mike Ribero. "With revenues almost tripling in 2006, we look forward to similar growth in 2007 driven by our ever-expanding list of blue-chip advertisers." and select international markets.
The funding will also be used to further Reactrix attracted new investors the D. E. Shaw group and Menlo Ventures commitments from the largest indoor shopping center REITs, as well as several key theater operators.
This paves the way for a media network whose audience Reactrix's own management team," said Andre Turenne of the D. E. Shaw group.
Pravin A. Vazirani, managing director, of Menlo Ventures added, "Reactrix Reactrix's combination of a breakthrough, disruptive and defensible technology, Fortune 500 advertisers, experienced management and a marketplace about the company's global prospects." Mr.
Turenne and Mr. Vazirani have also joined the Reactrix board of Koogle, former CEO of Yahoo; Heidi Roizen of Mobius Venture Capital; Colin Savage of Worldview Technology Partners; and Mike Ribero, Chairman and CEO of Reactrix Systems, Inc. ( ) is the developer and display area, creating an immersive media experience that makes any surface "come alive.
" The company's innovative media network for advertising, retail centers, movie theaters and other public spaces. Traffic in these venues, located in the top 20 U.S.
markets and other areas nationwide, exceeds About the D. E. Shaw Group The D.
E. Shaw group is a global investment and technology development firm. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an number of closely related entities with approximately 1,000 employees, $25 billion in aggregate investment capital, and offices in New York, London, and Hyderabad and Gurgaon, India.
Since 1976, Menlo Ventures has helped visionary leaders turn technical innovations into world-class companies. Many of these companies have become leaders in their respective markets, including LSI Logic, UUNET Technologies, Xros, Cyras Systems, Hotmail Corporation, Ascend Communications and Clarify. software, Internet infrastructure, semiconductors, storage and computer Alto, California and Superior, Colorado.
Early investments included Yahoo/Geocitites, Eloan, Verisign and E*Trade. The current fund, Mobius VI, has been invested in over sixty innovative technology companies. Companies in SkyPilot Networks, Sling Media, Technorati and deCarta.
firm that invests in emerging information technology companies. As a partner with a long-term perspective, the firm plays an active role in helping companies benefit from the knowledge, energy and resources of the TWVP team investing in and building leading U.S.
technology companies. The company's companies succeed in U.S.
and international markets. With a 12-year track management, the Worldview team -- now on its fourth fund -- has both the to leading aerospace, defense and related technology companies, today, advisory and M A services, and public and private financings to growth companies in the information technology, communications, healthcare and media As part of the Equity Capital Markets Group, the research analysts' Based in Santa Monica, CA, Montgomery Co. also has offices in San Diego, San Francisco, and Seattle.
Montgomery Co. is a member of the National Association of Security Dealers, Inc. (NASD), and its professional associates are registered with the NASD-SIPC.
For more information, please visit, Systems, Inc. All other trade names are the property of their respective All rights reserved. Republication or redistribution consent of PRNewswire.
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