RGB Networks Buys Ripcode

RGB Networks, a Sunnyvale, Calif.-based provider of network video processing solutions, has acquired RipCode Inc., a Dallas-based provider mobile IP video solutions. No financial terms were disclosed. RGB Networks has raised over $52 million in VC funding, from Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers, Focus Ventures and Institutional Venture Partners. Ripcode had raised around $38 million from Granite Ventures, Hunt Ventures, El Dorado Ventures, Vesbridge Partners and ATA Ventures.

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