Macromedia Ventures Into A New Division
On March 21, 2000, Macromedia, Inc. announced the formation of a venture unit to invest in companies that share Macromedia's vision of Web infrastructure and the interactive, multi-device, broadband Internet of the future. The unit's first investments include Spiderdance, Context Media and iHarvest Corporation. Spiderdance, with branches in San Francisco, Los Angeles and New Jersey, develops a software system that synchs the Web with TV broadcasts.