IRVINE, Calif., March 12, 2014 (GLOBE NEWSWIRE) -- AllDigital Holdings, Inc. (OTCBB:ADGL), recently recognized as one of Streaming Media Magazine's "Streaming Media 100," which honors the most innovative and influential companies in the online video industry, has announced that it has signed an engagement agreement with B. Riley and Co., LLC to function as capital markets advisor to AllDigital. In this capacity, B. Riley will advise AllDigital on various strategic matters, including potentially raising capital and engaging in merger and acquisition matters.
"As part of our strategic initiative to focus on ultra low latency technologies to power our next generation content management system, we are excited to be working with B. Riley as our investment banker," says Paul Summers, CEO of AllDigital. "B. Riley has a successful track record and has advised technology companies at various stages of growth in terms of completing accretive mergers and acquisitions, fund raising, and sell side representation."
About AllDigital Holdings, Inc.
AllDigital Inc., a leader in digital broadcasting solutions, is the developer of AllDigital Cloud, a content management system (CMS), focused on the high-speed management and delivery of data and related digital media content. AllDigital Cloud supports multiple types of connected devices including mobile, desktop, and digital television, providing total control over the global distribution of digital media assets. Serving media and entertainment companies, enterprise brands, non-profit and government organizations, AllDigital sets itself apart by offering highly scalable and ultra-low latency (ULL) digital broadcasting solutions, including cloud storage, origin transit, content management solutions, integration services, and related customer support. For more information on AllDigital, please visit http://www.alldigital.com/.
About B. Riley & Co.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, Del Mar, San Francisco, and New York. It is a member of FINRA and SIPC. For more information, please visit http://www.brileyco.com.