Zixi acquired by private equity firm Clearhaven

Clearhaven Partners, a Boston-based venture capital firm that invests exclusively in software and technology companies, has decided to add 紫溪, which specializes in transporting video over Internet protocols, to its portfolio.

Founded in 2006, 紫溪 provides end-to-end software solutions to more than 1400 customers and more than 400 integrated partner offerings to enable the delivery of broadcast-quality video over any IP network for broadcasters, enterprises, OTT video providers, sports leagues and franchises, service providers, cable operators and telcos worldwide. Zixi’s customers include names such as Amazon Prime Video, AWS Elemental Media Connect, FOX, Fubo, MLB, Net Insight, NHL, Paramount, Roku, SKY, Univision, Wurl or YouTube TV, among “hundreds of other leading organizations” worldwide.

Clearhaven will work “closely” with Zixi to support the innovation, customer-centric culture and scalability necessary to enable them to “achieving next era growth and success”. “With Clearhaven’s backing, Zixi will deliver on its mission to be the technology partner of choice for IP-based media transport in the large, global market opportunity that has now reached a critical inflection point for growth,” the private equity firm said.

Gordon Brooks, CEO and executive chairman of Zixi, sees the alliance with Clearheaven as a “natural fit” for his company: “It will enable us to double down on product innovation, set the highest standards for serving our valued, worldwide customer base and ensure our business achieves next level scale and scalability. As we enter our next stage of growth and innovation, we’re delighted to partner with Clearhaven to pursue the significant opportunities in our market.”

On the other hand, Michelle Noon, founder and managing partner of Clearhaven Partners, notes, “Zixi is a bullseye fit for Clearhaven’s investment. We have long admired Zixi’s differentiated technology, unrivaled ecosystem integrations and position as a trusted technology partner to discerning global technology and media companies. As importantly, we are pleased to partner with Gordon and the Zixi management team and to complement the innovation and brand strength of Zixi with our skills in efficiently scaling enterprise software businesses in this exciting next chapter.”