STG to acquire MediaValet for C$80m.

Symphony Technology Group, a private equity firm, agreed to acquire MediaValet, a software developer, for C$80m. “MediaValet stands at the forefront of the enterprise digital asset management, video management and creative operations industries. Our focus on providing an easy-to-use, highly secure and high-performance solution has allowed our over 70k end users to drive collaboration and compliance, resulting in ARR growing more than 5x over the last five years. By partnering with STG, a proven technology investor with a track record in building market-leading companies, we are positioning MediaValet for continued innovation, and an exciting future for both our dedicated employees and over 500 customers around the world,” Rob Chase, MediaValet CEO.