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Zixi Gets Strategic Investment From Clearhaven Partners

13/06/2024

Zixi Gets Strategic Investment From Clearhaven Partners The software supplier aims to be tech partner of choice for IP-based media transport globally By Ken Kerschbaumer, Editorial Director

Thursday, June 13, 2024 - 9:48 am

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Zixi, provider of the award-winning Software-Defined Video Platform (SDVP) and provider of scalable and cost-efficient live-video transport over any Internet Protocol network, has received a significant investment from Boston-based software private-equity firm Clearhaven Partners to drive the next stages of growth.

Most users deployed Zixi-as-a-Service in 2023, when recurring revenue from OTT customers grew 100% from the previous year.

Partnering with Clearhaven, an investor group with a great deal of expertise scaling software companies and with a unique video thesis, is a natural fit for Zixi and one that 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, says Zixi CEO/Executive Chairman Gordon Brooks. 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.

Clearhaven Partners is a Boston-based private-equity firm founded in 2019 to focus exclusively on enterprise and B2B-software investments. Clearhaven invests thematically, targeting companies like Zixi for their differentiated solutions in managing complex content and data flows in hybrid-infrastructure environments. The firm will work closely with Zixi to support its continued innovation, customer-focused culture, and scalability in 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 global-market opportunity that has reached a critical inflection point for growth.

Industry analysts forecast IP-based video systems to reach $8 billion a year in the next decade, with a 30% CAGR as IP transport accelerates ahead of satellite-driven. In 2023, Zixi's annual recurring revenue from OTT customers grew 100% year over year, with most users deploying Zixi-as-a-Service (ZaaS).

Broadcasting customers grew more than 30%, and the SDVP was used to broadcast more than 1.5 million live sports events globally. This growth reflects Zixi's leading role in the industry's continued transformation and need for agile, cost-effective IP video workflows with best-in-class network visibility and orchestration.

Zixi is a trusted partner for consistent innovation, thought leadership, and commitment to customers' success as they scale. Zixi's platform monitors 9 billion mission-critical telemetry data points each day, driving powerful AI/ML-driven analytics, live predictive health scores, trends and insights, automated incident detection, and root-cause analysis for customers at a fraction of the cost of legacy manual methods.

Zixi is a bull's-eye fit for Clearhaven's investment, says Clearhaven Partners Founder/Managing Partner Michelle Noon. 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 important, 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.
LINK: https://www.sportsvideo.org/2024/06/13/zixi-gets-strategic-investment-...
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