ViewPartner acquired the PodTech Network. The core executive, production and creative team of PodTech remains in tact.  And I have it from credible sources that PodTech was acquired for pennies on the dollar compared to what was invested.  Venture Beat had this to say:

This is sad. In 2007, the Palo Alto, Calif. company was expecting to make $7 million in revenue by the end of the year, mostly through sponsorship deals with large technology companies, from what a source tells me.  A few years ago, PodTech was a high-flying Silicon Valley web startup. First it offered podcasts, then video and a video player — and was aiming to become a video content network, that also provided advertising services to other video creators. It hired some big names in the technology media world, including Microsoft blogger Robert Scoble in January of 2006.

According to Alex Varonos, CEO of ViewPartner, “The PodTech team led by co-founder, Jason Lopez, and Darold Massaro, vice president of sales, is what attracted us to this company. We believe in these people and will make certain that PodTech and its clients have the financial and strategic support to take podcasting or any kind of broadcasting on the Net to the next level.”

Mr. Varonos explained that PodTech has the platform to drive brand engagement. “And the platform will be enhanced with capabilities that just an agency or service organization cannot deliver. PodTech will be the first to deliver HD quality broadcast on the Internet within the next year. It will make the brand experience richer for clients. And this is the team that will take it to market.”

Jason Lopez, PodTech cofounder and vice president of creative development, commented, “This assures that the people and companies with great stories to tell will be able to do so in a compelling format. With ViewPartner, we are assured of the tools to move from downloadable media to the next generation of communication. Our team comes from broadcast media, so we’re really excited about where this platform can go. It will be an exciting ride for our clients.”

Added Darold Massaro, PodTech vice president of sales, “While we continue to support our existing network and provide quality video and social media strategies with a total focus on client satisfaction, we will be announcing continuous upgrades to our technology. Our clients will be on the cutting edge of distributed video and audio communication.”