CoreMedia to Accelerate Global Growth with Majority Investment from OpenGate Capital
- CoreMedia AG, owned by DTCP and a consortium of private investors, has successfully partnered with OpenGate Capital
- Partnership enables leading content management company to meet growing demand for agile digital marketing solutions
CoreMedia, a global content management platform and developer of CoreMedia Content Cloud owned by DTCP and a consortium of private investors, has successfully partnered with OpenGate Capital, has announced that it has successfully partnered with OpenGate Capital, a global private equity firm, on a majority growth investment.
As per the press release, "CoreMedia Content Cloud blends real-time product information with multimedia marketing content and delivers consistent, personalized product messaging across a variety of digital channels. This new investment, which also includes contributions from Silicon Valley Bank – a subsidiary of SVB Financial Group – builds on CoreMedia's self-financing efforts and positions the company for accelerated growth in North America and beyond. Terms of the investment were not disclosed.
"The pace of digital marketing is increasing every day," said Sören Stamer, CEO and Co-Founder of CoreMedia. "Leading companies require agile, open solutions that help orchestrate their brand assets from any source to deliver synchronized digital experiences to any touchpoint–including online, mobile, in-store, out-of-home, programmatic advertising and video. I'm proud of our team and what we have accomplished. This partnership with OpenGate will accelerate our efforts to help companies build and manage truly iconic brands."
Andrew Nikou, OpenGate Capital’s Founder and Chief Executive Officer commented, “We are extremely excited to be partnering with CoreMedia and its talented team as the company enters the next chapter of its growth story. We look forward to supporting the company as it continues to deliver market-leading solutions that enhance the productivity, responsiveness and relevance of digital marketing on a global scale.”
CoreMedia will continue to capitalize on its 20-year history as a leading provider of digital experience solutions for global brands in a range of industries including retail, media, manufacturing, telecom, public sector and luxury goods. CoreMedia will focus on product innovation, a key focus area, leveraging artificial intelligence (AI) to automate repetitive tasks leading to new personalized shopping experiences. Further international expansion and global brand awareness will also be driven.
More information on DTCP’s investment can be found here:
The CoreMedia website.
This press release was originally published by CoreMedia on 4 November 2019 and can be found here.