Insight Venture Partners has given $35.8 million in minority equity investment to MediaSpectrum, Inc., a multi-channel advertising and content management platform. The investment will be used by the SaaS technology provider to fuel its rapid growth as its solutions are now in high demand among leading media companies all over the world. The transaction also puts Insight Venture Partners Managing Director Peter Sobiloff and Principal Cian Cotter into MediaSpectrum's Board of Directors.
MediaSpectrum CEO Scott Killoh is thrilled about the investment. "We are riding a wave of tremendous success, empowering an impressive and growing clientele to reinvent their media publishing businesses on our platform. The capital infusion from Insight Venture Partners comes at an optimum time to help support rising market demand for our solution that enables clients to simplify the complexity of managing content and advertising to multiple channels including tablets, smartphones, Web, print, broadcast and more," he said. MediaSpectrum is headquartered in Boston.
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