Carlyle acquires LiveU to support remote broadcast solution provider’s growth ambitions
Carlyle has recently aquired LiveU from Francisco Partners, an investment firm that specializes in partnering with technology businesses.
Samuel Wasserman, CEO and Co-Founder of LiveU, said: “We’re excited to partner with Carlyle as we look to expand LiveU’s global footprint and service offering. This is a significant milestone for LiveU and represents a strong vote of confidence in our business. Carlyle brings deep industry expertise with their track record in the media and technology space alongside a global network. We greatly thank Francisco Partners and IGP Capital for their support and partnership over the last few years”.
Founded in 2006, LiveU is one of the first companies to create bonded cellular technology-based live video transmission platform. Its platform has been suitable for live broadcast news networks and sports content owners. The company has been instrumental in supporting the growing demand for live news and sports content and the requirement to broadcast from remote and non-stationary locations, in particular as video quality requirements have increased in the era of 4K and 8K broadcasting. Live U has a customer list composed by more than 3,000 partners with presence in more than 130 countries.
Carlyle will use its deep experience in the media tech sector to support LiveU’s growth ambitions, represented by existing investments in Disguise and NEP alongside prior investments including The Foundry, Vubiquity, BTI Studios and The Mill. The investment company seeks to consolidate LiveU’s market presesnce through M&A activity and organic growth while capitalizing on the rapidly growing demand for high-quality live video transmission. This trend is expected to accelerate with the rollout of 5G.
Michael Wand, Managing Director and Co-Head of the CETP advisory team, has commented: “Carlyle has a history of investing in fast-growing and highly innovative, disruptive media technology companies and is truly excited to partner with LiveU which is at the forefront of a rapidly growing market”.