Private equity invests in Xstream
February 18, 2014
Xstream, a provider of OTT and TV Everywhere services, has announced that the Danish private equity fund, Capidea, has invested in Xstream and becomes the majority shareholder in the company.
In recent years, Xstream has gone through a rapid development and seen huge success with its global expansion strategy, including major international customer wins, partnerships, establishment of new offices and several industry awards. With Capidea as co-owner, Xstream gets the muscles to further accelerate the company’s global ambitions and bring management system, Xstream MediaMaker to new markets. Xstream is now embarking on a large-scale international effort with a vision of further strengthening their position as the preferred provider of premium end-to-end video management system for delivery of OTT and TV Everywhere solutions.
“Xstream is a very exciting company with strong competencies and an innovative, market leading and unique product. Xstream has a scalable business model, making Xstream highly competitive, even against major global competitors. The success the company has had with its global expansion strategy, and all the new customers they have secured over the past two years, is a great indication and proof of their future success. We are convinced that Xstream has great growth potential and we look forward to contribute to the continued positive development of the company. “Says Nicolai Jungersen, Partner at Capidea.