Los Angeles multimedia technologies holding company ViewPartner said Friday that it had acquired PodTech Network, a social-media company for developing, producing, and distributing podcasts for company Web sites.

Terms of the acquisition were not disclosed, but widely read tech blogger Eric Eldon at VentureBeat.com is reporting that ViewPartner may have only had to pay less than half a million dollars for the company.

Menlo Park-based Podtech raised $5.5 million in its first funding round in 2006, and raised another $2 million in 2007, but Eldon said despite its innovative technology, the company had been hurt by internal dissention.

A ViewPartner spokesman declined to comment on Eldon’s report, but in a news release, Chief Executive Alex Varonos said that PodTech’s core executive, production and creative team would remain intact.

“PodTech will be the first to deliver HD quality broadcast on the Internet within the next year, and (that) will make the brand experience richer for clients,” Varonos said.