MK Capital Acquires Kontiki From VeriSign
Posted: 10th May, 2008 By: MarkJ
The MK Capital venture fund has completed its acquisition of Kontiki from parent VeriSign. Kontiki is responsible for the Peer-2-Peer (File Sharing) client code used by the BBC's downloadable iPlayer and BSkyB's Sky Anytime (IPTV) services:
VeriSign announced its intention to focus on core Internet infrastructure related businesses in November 2007. As a result, the company is implementing its strategy to divest of a number of businesses including Kontiki.
"We are very excited to be financing the expansion of Kontiki," said Mark Koulogeorge, principal, MK Capital. "The company has a unique and tested peer-to-peer (P2P) technology that addresses the need to efficiently distribute video over the Internet and private networks. The new generation of Internet users will demand video content in order to be engaged. As the use of video as a communication tool continues to expand, Kontiki's technology will be increasingly strategic to corporations worldwide."
VeriSign announced its intention to focus on core Internet infrastructure related businesses in November 2007. As a result, the company is implementing its strategy to divest of a number of businesses including Kontiki.
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