EditShare LLC, a technology company that provides solutions for the post-production, TV and film industries, said it secured majority investment from private equity firm ParkerGale LLC.
Financial terms of the deal were not disclosed. Conrad Clemson will join EditShare as its new CEO, according to a May 20 news release.
Clemson most recently led Cisco Systems Inc.'s Video, Mobility, and Cloud organizations. Following the transaction, EditShare founders Andy Liebman and Tara Montford will continue to lead innovation and customer success for the company and remain its largest individual shareholders.
EditShare will use the proceeds to achieve the next stage of its growth goals as well as expand and develop its product range.