FPE to merge newly acquired SGL and Masstech

The firm will combine the assets to build a global platform in digital media workflow automation and archiving. The merged business will be headquartered in Fareham in the UK with combined sales of £10m.

Masstech's management will run the new firm, with SGL's founders retiring from the business. Globally, the new firm will have around 75 staff.

The capital came from FPE Fund II, but FPE declined to comment on the value of the investment. The deal will not be the first FPE has made in the media technology sector, having put capital behind Sohonet, a provider of cloud services to the media and entertainment sector.

Company
Masstech provides software that allows media organisations to manage digital media content. It is headquartered in Toronto with a customer base across the Americas, Europe, the Middle East and Asia Pacific.

Founded in 1991, SGL is a provider of content archive and storage management software for sectors including broadcasting, post production, news production, sport and government. It is headquartered in Fareham and has offices in Cincinnati. It has sales and support offices in the US, Europe and Asia.

People
FPE Capital – John Llewellyn (partner) 
Masstech – Joe French (CEO)

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