One of the leading firms in software as a service platform as well as rights and content management for the film, television and video industry, FilmTrack, announced the closure of a USD20 million equity investment from Insight Venture Partners.
FilmTrack would be utilizing the proceeds of the investment round for the management and monetization of their intellectual properties, Included in the terms of the investment would be the inclusion of Insight Venture Partners Managing Directors Peter Sobiloff and Nikitas Koutoupas as members of the board of directors of FilmTrack. Also to become a member of the board of directors at FilmTrack would be long time active strategic advisor Michael Lang.
According to FilmTrack CEO Jason Kassin, "We're excited to partner with the Insight team to accelerate our growth and accommodate our clients' exponentially expanding needs to better manage their intellectual property, content and data. Wider distribution via mobile and the Internet has exploded licensing and viewership opportunities - we help clients reap the benefits from this trend. We are also delighted to further our collaboration with Mike Lang who has been an invaluable advisor to the Company in many ways since 2012 including this game-changing capital raise. With our new Board and this capital infusion, FilmTrack is poised to capture a new wave of expansion."
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