Masstech and Software Generation Limited (SGL) are now one, to be known as Masstech Innovations, a provider of Broadcast and Media industry solutions for managing the lifecycle of valuable media assets.
FPE Capital, the UK-based growth equity investor, becomes the majority shareholder in the expanded company, with Masstech President and CEO Joe French, who has taken an increased ownership position, running the combined business from the UK headquarters.
“The merger dramatically strengthens our business,” said French. “With over 600 active Blue Chip customers and 120 employees, we have the financial strength and the critical mass to provide the next generation media lifecycle management solutions and world-class support our customers are looking for. Our combined engineering teams will continue to develop easy-to-use tools to automate media movement and transcoding workflows, enabling users to both reduce costs and increase revenue opportunities by re-purposing content.”