ParkerGale Takes Majority Stake in EditShare
BOSTON -- EditShare, a technology leader in intelligent scale-out storage, Automated Quality Control (AQC), editing and media management solutions, today announced it has taken on a majority investment from private equity firm ParkerGale Capital (ParkerGale). Focused on profitable founder owned technology companies, ParkerGale’s carefully curated portfolio is a mix of software-oriented businesses that are supported by the firm’s financial investment and in-house operating team whose mission is to help portfolio businesses rapidly scale and bring to market new innovative products and services. EditShare founders, Andy Liebman and Tara Montford, will continue to lead EditShare innovation and customer success and remain the company’s largest individual shareholders. Industry veteran, Conrad Clemson, will join the leadership team as EditShare CEO.
Deployed at thousands of facilities around the world, EditShare solutions are used to power the creation of many of today’s blockbuster feature films, captivating TV series, documentaries, sports programs, live events, educational programs, corporate communications and more. Its ultra-scalable distributed media management platform enables businesses of all sizes to drive media production workflows with greater ease. EditShare’s secure collaboration environment connects users to content and production tools, allowing businesses to hire the talent they require, anywhere in the world.
Leading the company through this next stage of growth is EditShare’s new CEO, Conrad Clemson, who recently led Cisco’s Video, Mobility, and Cloud organizations. “Andy founded EditShare in 2003 when he needed a more flexible and affordable solution for media sharing. His invention of high-performance Network Attached Storage for editing transformed the industry in a way others weren’t imagining at that time," comments Clemson. "EditShare’s history of leading the industry with groundbreaking innovations and solving customer problems before they even recognize them goes deep, and with this investment, the EditShare team will be even better positioned to continue to deliver transformative solutions to an industry that is in greater demand for it now more than ever.”