So yesterday Verisign bought Kontiki, a managed peer-to-peer broadband video streaming company for $62 million. I believe it offers similar value (low cost video streaming) to MoveMedia (which is not based on peer-to-peer), a company founded by Drew Major of Novell fame. Kontiki was launched a few years ago by some Silicon Valley veterans. I think its location was probably key to this acquisition.

Score: Silicon Valley 1, Utah 0

But today, a high school senior from Highland, Utah won $100,000 in a science competition sponsored by Intel. Second place went to a high school student from San Jose.

Score: Utah 1, Silicon Valley 1

(Okay, so you could say the score is $62 million to $100,000, but if Shannon goes on to win the Nobel prize (like 6 previous winners have done) then Utah could still come out on top!)

Bookmark/Search this post with:

Posted in: Internet M&A Utah Entrepreneurship

This entry was posted on Wednesday, March 15th, 2006 at 6:53 PM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response.