Broadbus Technologies Inc. was a Boxborough, Massachusetts-based, video-on-demand technology company. It was co-founded in 1999 by

entrepreneurs Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

Jeffrey Binder and Robert Scheffler. The company was acquired by

Motorola Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois. It was founded by brothers Paul and Joseph Galvin in 1928 and had been named Motorola since 1947. Many of Motorola's products had been ...

in 2006. As a start-up, Broadbus raised $13 million in 18 months from

Battery Ventures Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments in markets across the globe from offices in Boston, Silicon Valley, San Francisco, Israel and Lond ...

and

Charles River Ventures CRV is a venture capital firm focused on early-stage investments in technology. The firm was founded in 1970 to commercialize research that came out of MIT. Its name comes from the Boston area Charles River. History The firm has raised over $4.3 ...

Waltham, Massachusetts Waltham ( ) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the Technological and industrial history of the United States, American Industrial Revoluti ...

. Also backed by

Comcast Comcast Corporation, formerly known as Comcast Holdings,Before the AT&T Broadband, AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not th ...

Interactive Capital, Broadbus raised another $25 million in late 2003, and ultimately raised approximately $57 million in

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

before the acquisition. Broadbus was an early developer of memory-based systems for delivering both movies and television on demand. The company's flagship B-1 system was reportedly capable of supporting more than 15,000 subscribers simultaneously watching movies and television, all with fast-forward, rewind and pause controls. In 2003 the company received the trademark TOD, for "television on demand" services. By late 2004 employed more than 125 people throughout the US, Europe and Asia. By the end of 2005, Broadbus was the market leader in VOD in Europe winning the whole of UPC, the continent's largest MSO, with over 16 million subscribers. In addition, Broadbus was fast becoming number one for new VOD streams sold worldwide, approaching SeaChange and Concurrent, the prior market leaders. They were purchased by Motorola in September 2006 for $181 million.Motorola 2007 SEC 10-K filing, p 118
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References

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External links

Broadbus website
Companies based in Massachusetts Technology companies based in Massachusetts