Microsoft invests in Move Networks

Move Networks continued to rack up funding Tuesday as Microsoft announced plans to invest in the HD online video service. Microsoft and Move began a strategic partnership in March, with Microsoft using Move's video streaming technology in its Silverlight player, which NBC used to provide online video of the Olympics.

Microsoft did not announce the terms of the investment, but it will add to the more than $67 million Move has raised since 2006.

The Microsoft and Move technology partnership is on display this week at the Democratic National Convention, as the DNC enlisted the two companies to stream live online video of the convention. According to the companies, the combined technology allows for uninterrupted video streams that adapt to the end-users connection speed to eliminate lag.

For more:
- CNet reports on Microsoft investment in Move

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