Digital storage provider Omneon calls off IPO
Omneon, the Sunnyvale, Calif.-based provider of digital content storage and data processing services for media companies, announced that it has canceled its $115 million filing to go public due to poor market conditions. Its application had been in the hopper since December 2006.
The company has raised $105 million in capital to date from Norwest Venture Partners, Accel Partners, Advanced Technology Ventures, Meritech Capital Partners, Invesco Private Capital and Lucent Ventures.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.