Dejero completes major finance deal
November 29, 2017
Dejero, an innovator in blending IP networks for video transport and Internet connectivity while mobile or in remote locations, has announced significant new financing to accelerate its product development roadmap and its global expansion into the broadcast and media market. The investment will be used largely to fund development and commercialisation of Dejero’s blended connectivity solutions into new markets.
The investment of CAD$32 million (€21m) comes from Kayne Partners, the growth private equity arm of Kayne Anderson Capital Advisors LP, an investment firm managing approximately $25 billion in assets and satellite leader Intelsat.
Dejero’s solutions provide reliable connectivity by blending cellular, satellite and other IP connections from multiple network providers to deliver the bandwidth required to exchange high throughput, low latency video and data. Its cloud-managed solutions are used by news organisations to report live from around the world, and to provide Internet connectivity in remote locations or while mobile.
“We are impressed with Dejero’s rapid growth and worldwide success, which are clearly driven by its unique network blending technology that solves connectivity challenges in portable, in-vehicle and fixed location scenarios,” said Leon Chen, Managing Director at Kayne Partners. “This investment will allow Dejero to bring its innovative thinking more quickly to market and further extend its position as market leader.” As part of this financing round, Leon and Rob Shilton, also of Kayne Partners, will be joining the Dejero board of directors.