EditShare Takes on Majority Investment from ParkerGale Capital

Investment will fuel product innovation and growth across the media &
entertainment sector

BOSTON–(BUSINESS WIRE)–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.

“We have created a company that not only delivers products and
solutions that appeal to the media production market, as shown by our
returning customers, but also to a company such as ParkerGale, which has
had the insight to see how valuable EditShare has become. ParkerGale’s
deep-seated history of helping profitable companies like ours achieve
their next stage growth goals will enable our team to expand and develop
the EditShare product range into even better solutions for our customers
in the future,” comments Tara Montford, Co-Founder and Executive
Vice President Business Development, EditShare. “EditShare has always
been extremely customer-focused and without our customers’ engagement,
we would not be where we are today. Riding the momentum of double-digit
growth over the last three years combined with the investment by
ParkerGale, we will have the resources at hand to accelerate all our
plans and deliver on our innovative roadmap while retaining that
personal touchpoint with our customers.”

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.

“We are proud to offer industry-leading solutions that enable our
customers to respond to market demands with greater efficiency and
ultimately take advantage of new opportunities to grow their businesses,”
comments Andy Liebman, EditShare Co-Founder and newly appointed Chief
Strategy Officer. “Our incredibly talented team is dialed into our
customers’ needs and next steps. They are developing and delivering
innovative solutions that facilitate collaboration and efficiency such
as the EditShare Flow hybrid media management platform that can cut
production time by as much as 50% and EFS Shared Storage Auditing, an
important content security capability that helps mitigate content theft.
Our innovations span all aspects of media production from an individual
storyteller who is using the Emmy-award winning Lightworks to enterprise
broadcasters automating productions with EditShare’s metadata-driven
workflow solutions. With ParkerGale’s infusion of capital, EditShare
will be able to execute much faster on the many more incredible product
and workflow ideas we have for all of our customers.”

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.”

Devin Mathews, Founding Partner at ParkerGale concludes on the new
partnership and expanded resources, “We couldn’t be more excited to
embark on this partnership with the EditShare team. In our research, we
were particularly impressed by just how much customers love the
EditShare suite of products – a testament to the tremendous foundation
this company has built.”

To learn more about the expanded EditShare leadership team and its
solutions for media & entertainment production, please visit https://www.editshare.com/management

About EditShare

EditShare is a technology leader in networked shared storage and
tapeless, end-to-end workflow solutions for the post-production, TV and
film industries. Our groundbreaking products improve efficiency and
workflow collaboration every step of the way. They include video capture
and playout servers, high-performance EFS central shared storage, AQC,
archiving and backup software, media asset management, and Lightworks –
the world’s first three-platform (Windows/OS X/Linux) professional
non-linear video editing application.

©2019 EditShare LLC. All rights reserved. EditShare® is a
registered trademark of EditShare.

Contacts

Alex Molina
Zazil Media Group
(e) alex@zazilmediagroup.com
(p)
+1 (617) 834-9600