28 Nov, 2017, 09:00 ET
Pioneer in connectivity technology receives CAD$32 million injection from Kayne Partners and satellite leader Intelsat
WATERLOO, ON, Nov. 28 2017 /CNW/ - Dejero, an innovator in blending IP networks for video transport and Internet connectivity while mobile or in remote locations, has announced significant new financing to accelerate its product development roadmap and its global expansion into the broadcast and media market. The investment will be used largely to fund development and commercialization of Dejero's blended connectivity solutions into new markets.
The investment of CAD$32 million comes from Kayne Partners, the growth private equity arm of Kayne Anderson Capital Advisors LP, an investment firm managing approximately $25 billion in assets and satellite leader Intelsat. Intelsat, a strategic investor, provides integrated satellite communications on a global basis and is already a collaborating partner in the Dejero CellSat solution, which intelligently combines cellular connectivity from multiple mobile network providers with Ku-band IP satellite connectivity.
Dejero's solutions provide reliable connectivity by blending cellular, satellite and other IP connections from multiple network providers to deliver the bandwidth required to exchange high throughput, low latency video and data. Its cloud-managed solutions are used by news organizations to report live from around the world, and to provide Internet connectivity in remote locations or while mobile.
"We are impressed with Dejero's rapid growth and worldwide success, which are clearly driven by its unique network blending technology that solves connectivity challenges in portable, in-vehicle and fixed location scenarios," said Leon Chen, Managing Director at Kayne Partners. "This investment will allow Dejero to bring its innovative thinking more quickly to market and further extend its position as market leader." As part of this financing round, Leon and Rob Shilton, also of Kayne Partners, will be joining the Dejero board of directors.
Also joining the board is Michael DeMarco, Intelsat's Executive Vice President of Operations, who commented: "following the success of our recent partnership that brought the Dejero CellSat solution to market, we've made a strategic investment that will accelerate our collaboration on additional multi-network connectivity solutions for our customers."
Bruce Anderson, CEO of Dejero, explained "Simple, fast, cost-effective and highly reliable connectivity is vital in today's interconnected world, and is becoming ever more so through natural progressions such as connected vehicles and the internet of things. With this funding we see huge opportunities to deliver a broader range of blended connectivity solutions and services, not only to our traditional market of broadcast and media, but to other markets where reliable, flexible connectivity is just as vital.
"Our existing collaboration with Intelsat is greatly enhanced by this investment, which we value as an endorsement of our skills in innovation and delivery," Anderson added. "Kayne brings to the table a new set of insights and connections which will also drive strong growth."
Driven by its vision of reliable connectivity anywhere, Dejero blends multiple Internet connections to deliver fast and dependable connectivity required for cloud computing, online collaboration, and the secure exchange of video and data. With its global partners, Dejero supplies the equipment, software, connectivity services, cloud services, and support to provide the uptime and bandwidth critical to the success of today's organizations. Headquartered in Waterloo, Ontario, Canada, Dejero is trusted for broadcast-quality video transport and high-bandwidth Internet connectivity around the world. For more information, visit www.dejero.com.
Intelsat S.A. (NYSE: I) operates the world's first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat's Globalized Network combines the world's largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit www.intelsat.com.
About Kayne Partners
Kayne Partners is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $600 million in platform investments and add-on acquisitions. Kayne Partners seeks to partner with driven entrepreneurs as a non-control minority investor and provide transformative capital to these high growth companies. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. For more information, please visit our website: www.kaynepartners.com.
About Kayne Anderson
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on niche investing in upstream oil and gas companies, energy and infrastructure, specialized real estate, growth equity and both private credit and diversified liquid credit. Kayne Anderson manages $24.5 billion in assets (as of September 30, 2017) and employs over 300 professionals. Kayne Anderson is headquartered in Los Angeles with offices in Houston, New York City, Chicago, Denver, Dallas, Atlanta and Boca Raton. For more information, please visit www.kaynecapital.com.
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For further information: Dejero Contact: Richard McClurg, Tel: +1 519 772 4824 x1411, Email: [email protected]; PR Agency Contact: Meriam Khan, MKM Marketing Communications, Tel: +44 (0) 7768 022162, Email: [email protected]
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