Announced
Financials
Sources
Tags
Merger
Acquisition
Private
Friendly
collaborative media workflows
software solutions
project management technology
Software
United States
Private Equity
Majority
Domestic
Pending
Single Bidder
Synopsis
Parker Gale-backed EditShare, a company that enables storytellers to create and manage collaborative media workflows, agreed to merge with Marlin Equity Partners-backed Shift Media, a cloud-native video solution provider that helps creators manage, present, and collaborate on their high value projects. Financial terms were not disclosed. “The tireless work of Conrad and the EditShare team has put us in a position of strength for the future. Shift Media was built on the principle that video workflow technology should be completely intuitive and customer friendly. EditShare and Shift Media are highly complementary businesses with market leading products and services and shared commitment to putting the power of video production in the hands of creators. As a combined company, we will create a one-stop shop with a more comprehensive range of products and global network of channel partners, enabling us to better meet our customer needs around the world,” Ramu Potarazu, Shift Media CEO.
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