Reliacast Debuts as Content Management Company

New media delivery company Reliacast (http://www.reliacast.com) announced it has raised $8.2 million in second-round financing. Investors include affiliates of Hicks, Muse, Tate & Furst; Kohlberg Kravis Roberts & Co. (KKR); Thomas H. Lee Partners; Thomas Weisel Partners; Main Street Advisors; First Union Capital Partners; SCP Private Equity Partners (a Safeguard-Scientific sponsored fund); and existing investor, Viridian Capital Partners.

Reliacast makes software that address content delivery management and measurement .

"As the initial investor in Reliacast, we are especially pleased to welcome our new investment partners at such an exciting point in the company's growth trajectory," said Jeff Sampson of Viridian Capital Partners. "Reliacast will add value in the areas of scalability, management, audience measurement, and billing for events broadcast over the Internet. This enabling software will deliver the future of corporate communications and consumer entertainment over the Internet."

"This portfolio of investors opens many doors for us and brings tremendous experience to Reliacast," said Tom Klaff, president and CEO. "Interest in Reliacast's technology and vision is strong. We are confident this group of investors will allow us to move quickly to the next stage of our company's development."

Reliacast, based in Herndon, Virginia, offers an IP-based content management system that scales delivery of services like streaming media, live events, corporate communication, and more.