RMG

Newly Public, Kleiner-Backed RMG Networks on Why It Chose a Reverse Merger

As of this morning, Kleiner Perkins Caufield & Byers has a new, publicly traded company in its portfolio: San Francisco’s RMG Networks, a digital signage media company that has raised $20 million from Kleiner, DAG Ventures, and National Cinemedia since its 2006 founding. The company didn’t stage an IPO; rather, it completed a reverse merger with the blank check company in a maneuver that landed it on the Nasdaq.

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RMG Networks Buys Pharmacy TV

RMG Networks, a place-based video entertainment company, has acquired Pharmacy TV, an in-store narrowcast media network for pharmacy retail chains. No financial terms were disclosed. RMG Networks is a portfolio company of Kleiner Perkins and National CineMedia LLC, while Pharmacy TV had raised a small amount of funding from Nueva Ventures.

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