Los Gatos-Based DVDPlay Secures $20 Million, New CEO

Los Gatos, Calif. -- DVDPlay, a Los Gatos-based maker of DVD rental kiosks, said on We3dnesday that it has raised over $20 million in a new round of equity financing, and has named Chuck Berger as its chairman, president and CEO. El Dorado Ventures, Emergence Capital Partners, Palo Alto Venture Partners and Vanguard Ventures each participated in the round, which increased the company's total funding to date to nearly $40 million. DVDPlay said that it will use the new capital to fund the national roll-out of its DVD rental kiosks. The company also said that it has secured a similar amount of lease financing commitments to support its installations through 2007. DVDPlay also announced that Charles (has been named chairman, president and CEO. Berger has served as the non-executive chairman of DVDPlay since 2001, and has been the CEO of Nuance Communications, Vicinity, AdForce and Radius.
http://www.dvdplay.com/
http://biz.yahoo.com/bw/060628/20060628005294.html?.v=1