Propulsion Ventures gets exit from Barco's $21 mln purchase of X2O Media
Enterprise communication specialist X2O Media Inc has been acquired for $21 million by Barco NV, a Belgian developer of visualization products. Barco said the deal helps it move beyond display and projection technology into advanced networking and connectivity. The acquisition also provides an exit to X2O backer Propulsion Ventures, a venture capital firm affiliated with Canadian technology investor Telesystem. The Montréal-based X2O was founded as a spin-off from VertigoXmedia Inc, a broadcast graphics platform bought by Miranda Technologies Inc in 2006. Another Canadian venture capital firm, BEST Funds, provided debt financing to the company.
26 March 2014•4 mins read
