Business

Posted: Fri., Jul. 16, 1999

Sportvision gets $9.3 mil influx

Financing to help fuel expansion, tech development

HOLLYWOOD -- Sportvision Inc., a New York-based developer of sports-related software for television broadcasts, said it has received $9.3 million in second-round financing from Bay Partners, Intel Corp., Orion Partners, Prospect Street Partners, RRE Investors and Prudential Securities.

Sportvision CEO Bill Squadron said the financing will help fuel its growth, with a particular emphasis on the development of distinctive content for the Web, videogames and convergence platforms.

Sportvision was launched by three former execs from News Corp. and Fox Sports in 1998.

The company announced in June that its electronic 1st & Ten line, which is a digitally added overlay that shows TV viewers where a team needs to get for a new set of downs, will be shown on ABC's "Monday Night Football" games this fall as well as the 2000 Super Bowl.


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