WATERLOO — Video and data transport specialist Dejero announced today a $60-million minority recapitalization of the company, led by Toronto private equity firm Vertu Capital.
Vertu partnered with Ubicom Ventures, a special-purpose investment fund created in partnership with Dejero management, to complete the transaction. Dejero will be the first investment for Vertu’s inaugural fund, Vertu Partners Fund I.
Headquartered in Waterloo, Ont., Dejero was founded by Bogdan Frusina in 2008 and is led by CEO Bruce Anderson. The company’s live video and real-time data transmission solutions are used by leading broadcasters, production companies, public safety and government agencies, as well as enterprise customers around the world.
“Dejero exemplifies a Vertu investment; the company has an established world-leading technology solution and is accelerating its expansion into multiple global markets. We are thrilled to be partnering with Bruce, Bogdan and the entire Dejero management team on this exciting new chapter for the company,” said Lisa Melchior, founder and managing partner of Vertu, in a press release.
“Vertu is the perfect partner for us. They bring deep software sector expertise and decades of experience investing in large, global tech businesses, so they understand where Dejero is heading,” added Anderson. “We are excited to collaborate with the Vertu team on our plans to accelerate our growth and achieve our strategic goals.”
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