In addition to today’s Latitude news, First Virtual Communications this week announced a $10 million private placement of stock, which will net the company around $9 million in cash when all is said and done. FVC is moving from a software-based videoconferencing company to more of a Web conferencing play that includes both audio and video on the desktop. The $10 million should help keep them moving in the right direction. Related content opinion Imprezzeo makes image search easier By Jason Meserve Apr 03, 2009 1 min Video Web Search Enterprise Applications opinion Skype on the iPhone is a sweet app By Jason Meserve Apr 02, 2009 1 min iPhone opinion March Madness coming to an iPhone near you By Jason Meserve Mar 12, 2009 1 min iPhone opinion Nice play by Amazon with Kindle iPhone app By Jason Meserve Mar 10, 2009 1 min Kindle iPhone Amazon.com Podcasts Videos Resources Events NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe