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Frontier Capital invests in software services provider MediaPro, names CEO

Frontier Capital LLC, a software and technology-focused private equity firm, has invested in software-as-a-service company MediaPro Holdings LLC. The companies jointly announced that cybersecurity executive Tyler Winkler will become MediaPro's CEO.

Middle-market private equity fund Clovis Point Capital LLC exited the majority of its position in MediaPro via the transaction. Clovis Point had invested in Bothell, Wash.-based MediaPro in 2015. MediaPro is an SaaS provider of security, privacy and compliance awareness training services. Winkler, the company's newly appointed CEO, previously worked at cybersecurity company SecureWorks.

Frontier partner Scott Hoch and Vice President Dave Pandullo have joined the MediaPro board.

While Frontier's total investment was not disclosed, Clovis Point said the transaction resulted in about a 5.3x multiple of invested capital and more than a 100% internal rate of return on its investment. Clovis Point engaged Joe Morgan, a software investment banker from D.A. Davidson & Co., to work on the transaction.