Announced
Completed
Financials
Sources
Tags
Acquisition
Sweden
Single Bidder
media management software
Completed
Canada
Private
France
Private Equity
Software
Friendly
Cross Border
Majority
Synopsis
PSG-backed Backlight, a media technology company, completed the acquisition of ftrack, iconik, Celtx, Wildmoka, and Zype, media software businesses. Financial terms were not disclosed. “I believe the explosion and democratization of content creation, combined with the incredible growth and fragmentation of consumption, have created massive complexity and new opportunities for creatives and content owners. The market is demanding innovative, flexible, cloud-based solutions to modernize media workflows. With five incredible business units, each led by visionary CEOs delivering compelling, differentiated solutions, Backlight is well positioned to be a trusted partner for customers with mission-critical creative processes and video pipelines," Ben Kaplan, Backlight President and CEO.
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