Omneon Cancels IPO

Omneon Inc., a Sunnyvale, Calif.-based provider of digital content storage and processing systems for media companies, has withdrawn registration for a $115 million IPO, citing “current market conditions.” It had planned to trade on the Nasdaq, with JPMorgan serving as sole bookrunner.

The company has raised around $100 million in VC funding since 1998, from firms like Norwest Venture Partners (16.1%), Accel Partners (16.1%), Advanced Technology Ventures (16.1%), Meritech Capital Partners (7.6%), Invesco Private Capital (6.5%) and Lucent Ventures (5.5%).