Key Takeaways

• ScreenCloud receives majority investment from Tenzing to drive growth.
• The partnership will enable exploration of M&A opportunities in the digital signage sector.
• Acknowledgement of the team and partners who contributed to the successful deal.

Topics

• Business Strategy
• Digital Transformation
• Leadership
• AI & Machine Learning

Transcript

It is my great pleasure to announce that ScreenCloud has taken majority investment from the UK growth equity fund, Tenzing. We are the fourth investment out of their Fund 3, a £900m fund focused exclusively on software companies at the growth stage. So why Tenzing? Well, firstly, their brand and their core values. Tenzing, if you hadn't already clocked, is the Sherpa that helped Edmund Hillary summit Mount Everest. Tenzing's brand is all about supporting entrepreneurs in their journey and fully realising the growth potential of UK companies. Now, with this level of financial backing, we can start to explore M&A activity inside of our category. So cue a load of investment bankers sliding into my DMs, but you're very welcome to because Tenzing have a portfolio acquisitions director who will be helping along the way. And thirdly, their passion and enthusiasm for the vision that we have here at ScreenCloud for digital signage today and into the future in the era of AI. They are not just about the finance, they're very much about the journey. There are a huge number of people that I would like to thank. Firstly, the team at ScreenCloud, particularly the finance and leadership team who have worked tirelessly to help us through this deal. I'd like to also thank the other funds which took part in the process. I really respect you and learned a lot along the way from all of you. I'd like to give a big shout out to the fabulous investment banking team at Silver Peak who have been with us shoulder to shoulder all the way. And all of our other advisors and various consultants who've been involved in the due diligence process, legal process, finance process, tax process, you guessed it, all those processes. We had professionals along the way. Thank you for your hard work on both the buy and sell side. And to all of the investors who've backed us this far, we got over the first mountain. The 10-year goal that we set ourselves back in 2015 has been fulfilled. I'd like to thank the