On-Demand Video Services Company Envivio Files For IPO

Envivio, Inc. is an on-demand video services company that has filed for a $69 million IPO. Envivio currently works with 220 service and content providers for delivering the on-demand video service. Envivio started in 2000 and is based in San Francisco, California. For the 12 months ended January 31, 2011, Envivio booked about $30 million in sales. They plan on listing on the NASDAQ under the symbol “ENVI.” Stifel Nicolaus Weisel and Piper Jaffray are the lead underwriters of the IPO. [Renaissance Capital]

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