Leading Enterprise Video Platform Continues to Expand List of Global 2000 Customers
LOS ANGELES, CA, August 5, 2015 – MediaPlatform, Inc. (www.mediaplatform.com), the leading enterprise video and webcasting platform for corporate communications, training and collaboration, today announced that it has closed on a $12 million round of growth equity. The financing was led by TVC Capital with follow-on participation from existing investors Barshop Ventures and Jim McGovern, MediaPlatform’s CEO. The new capital will be used to accelerate the company’s momentum and meet the growing demand for enterprise video and webcasting solutions. Jeb Spencer and Mykel Sprinkles of TVC Capital will join the company’s board of directors.
“Live and on-demand video are becoming essential components of the communications and training strategies at more and more organizations, so selecting a vendor with a real focus on the enterprise is important,” said Jim McGovern, MediaPlatform CEO. “This new round of funding positions MediaPlatform to grow our sales and marketing operations more quickly, while continuing to provide the exceptional products and customer support the company has long been known for.”
Some of MediaPlatform’s well-known customers include: Abbott Laboratories, ConocoPhillips, Ericsson, Facebook, General Motors, EY, Mattress Firm and UL.
MediaPlatform delivers innovative solutions that allow widely dispersed organizations to enjoy scalable, reliable, and high-quality access to live webcast and video on-demand content. The fully integrated platform also provides enterprises with a list of powerful third-party integrations for Microsoft SharePoint, Cisco WebEx, Salesforce CRM, Learning Management Systems, Video Conferencing Units, Jive, Yammer, and more.
Industry Momentum and Recognition
The round of growth capital continues an impressive 2015 for MediaPlatform in a year that has also included:
- Selection as a Leader in The Forrester Wave™: Enterprise Video Platforms for Webcasting and Portals, Q1 2015.
- Winner of the 2015 Global Frost & Sullivan Award for Product Line Strategy Leadership for Enterprise Webcasting.
- Secured American telecommunications customer with approximately 36,000 employees and over $35 billion in revenue.
- Former Polycom executive and Accordent CEO Mike Newman joins as company president.
Mike Newman, MediaPlatform’s recently hired president, noted that “I joined MediaPlatform because I perceived a unique convergence of proven, high quality solutions, great customer loyalty and satisfaction, and a market that leading analysts uniformly describe as high growth. It’s rewarding to see those sentiments so quickly validated by a prominent new investor.”
“TVC Capital is excited to be partnering with MediaPlatform as the demand for enterprise video solutions continues to increase. In MediaPlatform, we found a profitable market leader in the midst of solving many of the biggest communications and training challenges at some of the world’s largest organizations,” said Jeb Spencer, Managing Partner, TVC Capital. “We believe MediaPlatform offers the most complete set of enterprise video products and services in the industry, and once combined with TVC Capital’s guidance and expertise, will grow to become the vendor of first choice for any global corporation in need of a streaming platform.”
“This substantial commitment from TVC Capital and Barshop Ventures, two firms with proven track records of helping already successful companies maximize their potential, sends a clear signal to organizations in the market for a video solution that MediaPlatform is a leader in the space and should be on everyone’s short list,” added McGovern. “MediaPlatform is one of the only vendors exclusively focused on supporting the internal and external video and webcasting needs of enterprise customers.”
MediaPlatform is the leading enterprise video and webcasting platform for internal and external communications, training and collaboration. MediaPlatform provides a complete set of products, services and technologies to help organizations apply video communications to achieve their objectives and enhance customer and employee experiences. MediaPlatform is a Leader in The Forrester Wave™: Enterprise Video Platforms for Webcasting and Portals, Q1 2015 and was awarded the 2015 Global Frost & Sullivan Product Line Strategy Leadership award for enterprise video webcasting.
About TVC Capital
TVC Capital is a San Diego-based growth equity firm with over $235 million under management. TVC is focused on investments in and acquisitions of software and software-enabled service firms. TVC targets a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. The TVC team is led by operating executives with more than 70 years experience growing technology companies into market leaders. Current and past investments include Accordent Technologies, Levels Beyond (Reach Engine), Del Mar Datatrac, Limeade, Liquid Planner, Mercent, Centage, Reverse Vision and Edgewave.
About Barshop Ventures, LLC
San Antonio, Texas-based Barshop Ventures, LLC is a diversified venture capital investment and portfolio investment management firm, primarily representing the interests of the Sam Barshop family. Barshop Ventures has founded and/or invested in a number of early and mid-stage enterprises in software, media, telecommunications, life sciences and medical devices, and other fields.
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