Comcast, Rogers invest $15M in HD video conferencing provider Tely Labs
Comcast (Nasdaq: CMCSA) and Rogers Communications (NYSE: RCI) invested $15 million in Tely Labs--a move that could help the cable MSOs sell a high-definition video conferencing service to business customers.
(Image source: Tely Labs)
Comcast teamed up with Skype in May to pitch its Xfinity subscribers a video conferencing product. Its $9.95 monthly Xfinity on Skype service comes with a video camera that is attached to TVs, and linked to digital set-tops.
Tely Labs said in a statement Tuesday that the investments from Comcast Ventures and Rogers Venture Partners would "jumpstart its new business focus addressing the significant market demand for feature-rich but affordable video conferencing for small and medium businesses (SMBs)."
Menlo Park, Calif-based Tely Labs said its telyHD Business Edition product would allow businesses to connect up to six offices simultaneously in a multi-party video call for about $500 per location.
Comcast hasn't yet announced plans to pitch Tely Labs gear to commercial customers or consumers, but the company has deployed products from many of the companies backed by its Comcast Ventures subsidiary. Comcast Ventures also has investments in TiVo (Nasdaq: TIVO), video-on-demand advertising technology provider BlackArrow, home automation provider iControl, NDS, Entropic Communications, Visible World and Broadbus.
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