BNET Industries
Market Cap:$104.3M
Last Fiscal Year Sales:$16.2M
- Public
- US
Dow Jones Description
On2 Technologies is a developer of video compression technology and technology that enables the creation, transmission, and playback of multimedia in resource-limited environments, such as cellular networks transmitting to battery operated mobile handsets or High Definition (HD) video transmitted over the Internet. We have developed a proprietary technology platform and the On2 ® Video VPx family (e.g., VP6, VP7, and VP8) of video compression/decompression ("codec") software to deliver high-quality video at the lowest possible data rates over proprietary networks and the Internet to personal computers, wireless devices, set-top boxes and other devices. Unlike many other video codecs that are based on standard compression specifications set by industry groups (e.g., MPEG-2 and H.264), our video compression/decompression technology is based solely on intellectual property that we developed and own ourselves. In addition, through our wholly-owned subsidiary, On2 Technologies Finland Oy, we license to chip and mobile handset manufacturers, and other developers of multimedia consumer products the hardware and software designs that make the encoding or decoding of video possible on mobile handsets, set top boxes, portable media players, cameras and other devices. We also provide integration, customization and support services to enable high quality video on, and faster interoperability between devices. ...
Interim CEO & Interim COO
Matthew FrostNumber of Employees 114
Peer Companies
NAICS Code Software Publishers: 511210
Recent Events
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On2 to settle suits challenging purchase by Google
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Video firm settles lawsuits clearing way for Google buy
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On2 Technologies Reports Proposed Settlement in Litigation Involving Proposed Merger With Google
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Multiformat Hardware Decoder offers On2 VP6 support.
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Firefox 3.6 Aims to Bring Fullscreen, Open Source Video to the Web
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48.28% Of All NYSE Trading Thursday Was Short Selling. WLK, ONT, CLA, EPD, SKM, STD...
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Google Back on a Buying Spree
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Google buys video compression specialist On2
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Security, Sanity and Social Networking in the Ranks
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On2 Technologies Announces Financial Results For Second Quarter of 2009
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Google sheds radio ad business-buys video tech firm
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Google Search Engine to Acquire On2 Technologies
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Google to Acquire On2
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On2 shareholders sue to stop Google deal
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On2 Technologies Licenses On2 VP6 to Mobixell Networks
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On2 Technologies Licenses On2 VP6 to Mobixell Networks
News & Analysis
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on2 technologies - All News and Analysis
On2 Settles Litigation Over Sale To Google
PaidContent
- 2009-10-26
Eliminating what had become a headache in the wake of its agreement to sell itself to Google (NSDQ: GOOG) for $106.5 million, video compression firm On2 has settled five shareholder lawsuits related to the deal. Several groups of investors had sued On2 in mid-August, alleging that management had not...
Google Is Ready To Start Buying Companies Again
PaidContent
- 2009-09-23
CEO Eric Schmidt tells Reuters that Google (NSDQ: GOOG) is looking at once again making about one purchase a month. And, indeed, Google has been on that pace since August, when it agreed to buy video compression firm On2 for $106.5 million—ending a streak of 11 months in which...
Tweet sparks rumours of Google plans to buy Brightcove
Strategy Eye
- 2009-09-16
Rumours that Google is preparing to buy Brightcove erupted this week following a tweet from digital media blogger Mark Glaser saying the search giant was considering forking out up to USD700m for the white-label video streaming company. Acquiring Brightcove would make Google’s YouTube the dominant commercial web...
SEC Watch: The Story Of Google's Offer For On2
PaidContent
- 2009-09-16
An SEC filing includes the backstory of Google’s controversial offer to buy video compression firm On2. Several groups of On2 shareholders have sued to block the deal, saying that On2’s directors did not try to find other buyers for the company and that they should have demanded a higher...
Tech Law: RealNetworks DVD Copy Blocked, On2 Investors Say Google Price Low, More
BNET
- 2009-08-18
RealNetworks is kept from selling its DVD copying software; On2 shareholders say Google offer is too low; Nokia gets a preliminary patent win over InterDigital; Psystar and Apple back at it; and another class action suit for Apple and AT&T. by Erik Sherman
Google's On2 Deal Hits a Wall
BNET
- 2009-08-13
Just one week after Google GOOG announced it was buying the video compression technology company On2, the shareholders of On2 have already filed a class action suit to kill the deal. Give the suits behind this move a big cigar for speediness! Now, you might think that On2's shareholders would...
On2 Shareholders File Lawsuits to Block Google Acquisition
Seeking Alpha
- 2009-08-13
Dan Rayburn submits: While many of us in the industry have been trying to figure out what exactly Google GOOG will do with On2 ONT after the acquisition, we may be getting ahead of ourselves. Some On2 investors have filed separate lawsuits in New York and Delaware looking to...
Google Must Fight Lawsuits to Win On2's Hand in Marriage
BNET
- 2009-08-13
On2 Technologies shareholders have filed suit in Delaware and New York to block Google's $106.5 million purchase of video compression maker On2. The plaintiffs claim On2 did not shop On2 to other companies to get the nest price. On2 CEO Matt Frost promises to fight the suits. Google remains silent...
On2 Shareholders Sue to Stop Google Acquisition
Seeking Alpha
- 2009-08-13
Larry Dignan ZDNet submits: On2 Technologies ONT, the video compression company acquired by Google GOOG last week, has been sued by shareholders looking for a better deal. According to an SEC filing Techmeme, two class action suits were filed in Delaware and New York State. According to...
Google's $106.5m software buy to be challenged in court
BNET
- 2009-08-13
Google's acquisition of video-compression software company On2 Technologies is being challenged in court by On2 shareholders dissatisfied by Google's $106.5m offer. The lawsuit, filed Monday in Delaware Chancery Court, seeks class action status and a permanent injunction against the deal. The suit, first reported by the New York Post, also...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Matthew Frost | Interim CEO & Interim COO |
| Jim Bankoski | CTO & Senior Vice President, Engineering |
| Paul Wilkins | Cto -- Senior Vice President of R&D |
| Wayne Boomer | CFO |
| Calhoun Matthew | Executive Vice President |
| Matt Frost | Executive Vice President, General Counsel |
| Timothy Reusing | General Counsel, Secretary & Executive Vice President, Business Dev |
| Erik Leonard | Senior Vice President, Business Dev |
| Mike Savello | Senior Vice President of Global Sales, Pc Platforms |
| John Fargis | Vice President, Sales, Asia Pacific |
| Sam Vasisht | Vice President of Marketing |
| Samrat Vasisht | Vice President, Marketing |
| Douglas McIntyre | |
| Scott LaVarnway |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| J. Allen Kosowsky | Chairman |
| Afsaneh Naimollah | Board of Directors |
| Anthony Principe | Board of Directors |
| Balraj Joll | Board of Directors |
| James Meyer | Board of Directors |
| Michael J. Alfant | Board of Directors |
| Mike Kopetski | Board of Directors |
| Thomas E. Weigman | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Interim CEO & Interim COO | Current |
| On2 Technologies, Inc. | COO & Interim CEO, General Counsel & Vice President | Current |
| On2 Technologies, Inc. | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | CTO & Senior Vice President, Engineering | Current |
| On2 Technologies, Inc. | Senior Vice President, Engineering | Former |
| On2 Technologies, Inc. | CTO & Senior Vice President, Core Technology | Current |
| International Business Machines Corporation | Lead Programmer | Former |
| Rensselaer Polytechnic Institute | MS degree in Computer Science | Former |
| State University of New York at Binghamton | BS degree in Computer Science | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Cto -- Senior Vice President of R&D | Current |
| Cambridge University | Natural Sciences, Including Biochemistry and Psychology, and Then Computer Sciences. | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | CFO | Current |
| On2 Technologies, Inc. | CFO & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Executive Vice President, General Counsel | Current |
| Pillsbury Winthrop Shaw Pittman LLP | associate | Former |
| Colgate University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | General Counsel, Secretary & Executive Vice President, Business Dev | Current |
| Critical Mention, Inc. | Senior Vice President, General Counsel | Current |
| Muze, Inc. | Senior Vice President, General Counsel | Current |
| On2 Technologies, Inc. | Executive Vice President | Former |
| Alloy, Inc. | Vice President | Former |
| Alloy, Inc. | General Counsel | Former |
| Simpson Thacher & Bartlett Llp | Associate | Former |
| On2 Technologies, Inc. | General Counsel | Former |
| Critical Mention, Inc. | General Counsel | Former |
| Covington & Burling | Former | |
| Gettysburg College | BA | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Senior Vice President, Business Dev | Current |
Mike is responsible for managing On2's worldwide sales activities for PC-based products. Prior to joining On2, Mike was Vice President of Worldwide Sales and Marketing for Media 100, a leading supplier of video editing gear to the broadcast and post-production markets and a former leader in Streaming Media until the sale of that business line to Autodesk in 2001. While at Media 100 Mike also held the positions of Vice President of Streaming Services and Vice President of Enterprise Streaming. Mike studied computer science at Boston University and has over 15 years of experience in the digital media space in a variety of senior sales and marketing roles.
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Senior Vice President of Global Sales, Pc Platforms | Current |
| Media 100 | Vice President of Worldwide Sales | Former |
| Streaming Media | Former | |
| Boston University | Computer Science | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Vice President, Sales, Asia Pacific | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Vice President of Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Vice President, Marketing | Current |
On February 2, 2006, Douglas McIntyre resigned from his positions as Chairman, President and Chief Executive Officer of the Company and his position on the Company's Board of Directors. Mr. McIntyre voluntarily terminated his employment with the Company thereby terminating the employment agreement with the Company.
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Current | |
| International Business Machines Corporation | Former | |
| Rochester Institute of Technology | BS degree in Computer Engineering Technology | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Chairman | Current |
| Find.Com | Interim CFO | Former |
| On2 Technologies, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Chela Capital Partners, LLC | Managing Partner | Current |
| On2 Technologies, Inc. | Board of Directors | Current |
| University of Wisconsin-Madison | MBA | Former |
| Northwestern University | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Board of Directors | Current |
| KPMG International | Chief Financial Officer | Former |
| On2 Technologies, Inc. | CFO & Senior Vice President | Former |
| KPMG International | associate | Former |
| Long Island University | B.S. In Public Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Board of Directors | Current |
| On2 Technologies, Inc. | President and CEO | Former |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Board of Directors | Current |
| On2 Technologies, Inc. | Interim CEO | Former |
| Novantas | managing director | Former |
| Duke University | M.B.A. | Former |
Mr. Alfant has served as a Director of On2 since May 2004. He is president and CEO of Fusion Systems Co., Ltd., a company he founded in 2005. Previously, Mr. Alfant worked as a founder and partner in Building2, a technology investment company located in Tokyo and Boston. From 1992 to 1999, Mr. Alfant was president of Fusion Systems Japan, an IT solutions company that he founded and that was eventually acquired by IMRglobal Corporation. Mr. Alfant serves as a vice president of the American Chamber of Commerce in Japan.
| Organization | Position | Status |
|---|---|---|
| American Chamber of Commerce | Vice President | Current |
| On2 Technologies, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| On2 Technologies, Inc. | Board of Directors | Current |
| American University | Former | |
| Northwestern University School of Law | Former |
| Organization | Position | Status |
|---|---|---|
| Air Cell, Inc. | Senior Vice President of Wireless Services | Current |
| On2 Technologies, Inc. | Board of Directors | Current |
| RiverStone Group, Inc. | President | Former |
| Mars, Incorporated | Former | |
| MDC Partners Inc. | Board of Directors | Former |
| The Wharton School of the University of Pennsylvania | Mba With Distinction | Former |
| Lehigh University | Bs In Engineering | Former |
Executive News
-
Aircell Announces Expanded Pricing Options for Gogo Inflight Internet
-
On2 Technologies Licenses On2 VP6 to Mobixell Networks
-
On2 Technologies Licenses On2 VP6 to Mobixell Networks
-
On2 Technologies Licenses On2 VP6 to Mobixell Networks
-
On2 Technologies Licenses On2 VP6 to Mobixell Networks
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