Pathfire Sells to DG Fastchannel

DG Fastchannel Inc. (Nasdaq: DGIT) has agreed to acquire Pathfire Inc., a Roswell, Ga.-based provider of a digital media distribution pathway and network operations center (NOC) for the television and entertainment industries. The transaction is valued at $30 million in DG Fastchannel stock. Pathfire has raised around $124 million in total VC funding since 1996, from firms like Alliance Technology Ventures, AT&T Ventures, Banc of America Capital Investors, CNN, Halpern Denny & Co., Institutional Venture Partners, Kinetic Ventures, Monarch Capital Partners, Noro-Moseley Partners, PanAmSat, Quadrangle Group, Reuters Greenhouse Fund, Riggs Capital Partners and U.S. Venture Partners. It generated around $16.2 million in 2006 revenue.