THANK YOU FOR SUBSCRIBING
The investment enables cloud innovation and growth to continue.
FREMONT, CA: Clearhaven Partners("Clearhaven Partners" or "Clearhaven"), a software and technology-focused private equity firm, recently announced that it, along with management, concluded a significant investment in Wowza Media Systems("Wowza" or the "Company"). The financial details are still under wraps.
Clearhaven is a Boston-based private equity company focused on software and technology. Clearhaven makes thematic investments in substantial firms capitalizing on the market's continued demand for B2B software-based solutions. Clearhaven invests in management teams and organizations looking for an operationally-focused investment partner to help them reach new heights.The business strive to invest in a small number of significant firms with solid fundamentals that fall within Clearhaven's thematic areas of interest.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Wowza's cloud and private infrastructure-based solutions let businesses provide high-quality, dependable video at scale across geographies and end markets like media and entertainment, enterprise, aerospace and defense, government, education, and houses of worship.Thanks to Clearhaven's investment, Wowza will be able to accelerate research and give solutions to complex media streaming difficulties and the necessary partnerships to grow.
Michelle C. Noon, Co-Founder and Managing Partner at Clearhaven Partners, said, "Clearhaven has long invested behind a thesis in video technology as we seek to partner with leading companies that solve mission critical challenges and address opportunities arising from video proliferation. Wowza is an incredible founder-built organization that does exactly that. We're thrilled to partner with founder CEO Dave Stubenvoll, COO Brendan Daly and the Wowza management team to fuel continued innovation and accelerate growth."
"Wowza has had an incredible journey since our founding nearly 15 years ago," said David Stubenvoll, Co-Founder and CEO of Wowza. "We've grown consistently and profitably since our founding and helped many thousands of customers achieve their video streaming goals. As we enter a new phase of growth and innovation, we're delighted to partner with Clearhaven, who brings to our Partnership a talented team of experienced investors and operators who share our passion for video, our vision for Wowza's continued video streaming leadership and enterprise-grade resources to helping Wowza scale. Clearhaven provides our organization with exceptional leverage at an exciting time for Wowza and the streaming industry."
"As dedicated software and technology investors, we seek to partner with differentiated and scalable companies," added Chris Ryan, Managing Partner at Clearhaven Partners. "Among many companies we see each year, Wowza stood out to us due to its reputation as a technology leader and its ability to consistently deliver leading video streaming solutions at scale in a market with significant tailwinds."
More in News