movingimage Concludes EUR 8 Million Financing Round
BERLIN--(BUSINESS WIRE)--Digital+ Partners, a leading provider of growth capital for B2B solutions in the IndustrialTech and FinTech sectors, led the financing round as a new investor in movingimage. Focusing on equity investments in rapidly growing software and technology companies, Digital+ Partners invested over EUR 7 million in movingimage and will actively support the company’s development going forward. Existing investors and the management team contributed the remainder of the round.
With its market-leading Software-as-a-Service (SaaS) platform VideoManager Pro, movingimage offers secure and user-friendly management and efficient transfer of large video files on the intranet and Internet. As a cloud-based, out-of-the-box solution, VideoManager Pro is compatible with a broad range of enterprise software systems and helps reduce the cost of managing video libraries significantly. movingimage also provides an innovative technology platform for the widespread use of video across a company’s entire employee base. Over 500 customers, 23 of which are DAX 30 companies, already use movingimage’s video platform.
With this strategic growth investment, movingimage is well positioned to accelerate its product development roadmap and expand its market position in the fast-growing market for video management solutions, particularly in Europe, the USA and Japan. “Our video technology can be used across the whole spectrum from corporate intranet to sales, customer service and investor relations. We are already winning over many European companies,” explains Rainer Zugehör, founder and Managing Director of movingimage in Berlin. “Demand for secure, cloud-based and future-proof video solutions is growing tremendously. Timing is right to establish our enterprise solutions successfully on the international video technology market.”
“Enterprise video represents a key component for the digitization of a company’s internal and external business processes. However, as the key underlying success factor, stringent requirements for the secure and cost-efficient management, delivery and advanced analytics of very large video data sets have to be met,” says Dirk Schmücking, founding partner and Managing Director of Digital+ Partners. “movingimage offers an attractive combination of innovative products, significant market potential and a strong team of around 100 experts. We look forward to actively supporting the global growth strategy of movingimage.”
Digital+ Partners is an experienced growth equity investor focusing on the Industrial Tech and FinTech sectors in Germany and internationally. Digital+ Partners plays an active role in the digital transformation of the broader industrial and financial technology ecosystems, providing growth capital and scale-up support to companies with the ambition to become world market leaders in their field. Digital+ Partners pursues investments in rapidly growing technology companies with proven products differentiated by software, data analytics and B2B online enablement. Digital+ Partners creates value by providing deep operational/ strategic and corporate finance advice to the management teams of our portfolio companies in order to best define and execute their growth plans.
movingimage is the leading European provider and specialist for secure, cloud-based video solutions in the enterprise sector. Its core product is movingimage VideoManager Pro, which supports companies as a professional enterprise video platform. From fast upload and conversion to transfer and playout, movingimage technology is a modular complete solution. It is the key basic technology for video in all popular enterprise software applications and leading third-party systems such as CMS, CRM, e-learning and intranet. With technologies such as live streaming in Citrix architectures, 360° video technology or advanced rights & role management, movingimage meets the high demands of the world’s leading companies and creates end-to-end solutions for the whole enterprise sector. Its extensive customer portfolio includes over 500 companies, among them DAX 30 companies such as Volkswagen, Deutsche Telekom and Bayer.