Global investment firm Carlyle has acquired live video streaming and remote production solutions provider LiveU from Francisco Partners. With the acquisition, Carlyle says it will seek to further consolidate LiveU’s market position through M&A activity and organic growth while capitalising on the rapidly growing demand for high-quality live video transmission.
This trend is expected to accelerate with the rollout of 5G, and as media production in the cloud progresses, increasing the requirements for flexible and remote operations.
With over 3,000 customers in more than 130 countries, LiveU’s technology enables broadcasters to guarantee live video uplink quality, helping top-tier global broadcasters as well as major sporting content owners to meet the strong demand from viewers for live and fan-based content.
LiveU provides an end-to-end solution combining mission-critical acquisition, cloud production and IP distribution to broadcasters, sports organisations and production companies where reliability, quality, availability and low latency are key.
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.”