Espial Takes Out Kasenna

Espial Group (TSX: ESP) has agreed to acquire Kasenna Inc., a Mountain View, Calif.-based provider of video-on-demand solutions. The deal is valued at approximately $6.5 million in Espial stock.


Kasenna has raised over $90 million over six rounds of VC funding, including a Series E round in late 2005 at a post-money valuation of approximately $56 million. Backers include Alloy Ventures, Intel Capital, U.S. Venture Partners, Cypress Ventures and Silicon Graphics.