Providence Strategic Growth, a private equity firm, completed a $200m investment in Backlight, a software developer. “There is a large market opportunity to improve the way content producers, owners and distributors create value, starting with the media and entertainment industry but extending to any enterprise investing in rich media and video. Our investment in Backlight reflects our conviction in the market, the team, and a vision of a modern media production lifecycle, from ideation to monetization," Matt Stone, PSG Managing Director.