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Inlet Technology raises $3 million

From Staff Reports

Published: Fri, Dec. 14, 2007 12:00AM

Modified Fri, Dec. 14, 2007 03:03AM

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RALEIGH -- Inlet Technologies raised $3 million from existing investors to expand its sales and marketing efforts.

Chief Executive Neal Page said the 33-employee Raleigh company recently added staff in New York, San Jose, Calif., and Los Angeles.

Inlet's products are used by broadcasters, online content companies and others to convert video and audio into digital formats that make it easier and less expensive to distribute over the Internet.

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