Pathfire, a provider of digital media distribution and network operations center operations for the TV and entertainment industries, has been sold to DG Fastchannel.
The all-stock deal was valued at $30 million. DG Fastchannel trades on the NASDAQ under the symbol DGIT.
Pathfire had raised more than $124 million in venture capital over the last decade. Investors included Banc of America Capital, CNN, Kinetic Ventures, Noro-Moseley Partners and AT&T Ventures.