ClearOne (Nasdaq: CLRO) has acquired NetStreams, an Austin, Texas-based maker of networked entertainment systems based on IP technology. No financial terms were disclosed. NetStreams had raised over $27 million in VC funding led by Austin Ventures.

PRESS RELEASE

ClearOne (Nasdaq: CLRO), the leading global provider of audio conferencing solutions today announced it has acquired NetStreams, Inc.

NetStreams is the global leader in digital media networks based on Internet Protocol (IP) technology that is used in a wide variety of applications, including digital signage, corporate video distribution, network operations centers and government facilities, and large venues in such industries as hospitality, entertainment and casinos. NetStreams’ digital streaming media and control systems support virtually any number of digital or analog sources, including high definition audio and video content to nearly an unlimited number of networked endpoints.

Under the terms of the transaction, ClearOne paid approximately $2 million in cash and assumed approximately $2 million of l