MOUNTAIN VIEW, Calif., Dec. 14, 2020 /PRNewswire-PRWeb/ -- WeVideo, a leading cloud-based and collaborative video creation platform, announced today that Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has acquired majority ownership in the company. WeVideo has experienced outstanding growth the last few years and this partnership tremendously enhances WeVideo's ability to deliver on its vision of empowering everyone to impact their world through creative expression.
WeVideo has an extensive feature set that provides an award-winning, cloud-based, collaborative video editing experience. With over 30 million users, WeVideo is the leading video editing platform for education, business and personal users. As a pioneer of collaborative video creation, WeVideo recently became the first tool to offer real-time collaboration where multiple creators can simultaneously collaborate on the same video in real-time. Now more than ever, WeVideo has become the platform of choice for both collaborative learning in education and workplace collaboration for businesses.
Since the start of COVID-19 and the significant shift towards online remote workflows, WeVideo has experienced a surge in usage in Education and by Businesses. WeVideo's adaptive and user-friendly interface appeals to and attracts a broad section of users with varying video creation skills.
With a library of over 1.4 million royalty-free media assets, special effects like green screen, high-quality motion titles, simultaneous webcam and screen recording and more, the possibilities are endless. Exclusive features like WeVideo JumpStart™ enable users to start editing high-quality videos without the painstaking wait for their media to finish uploading. This is especially important in a cloud-based collaborative environment when using 4K and higher-resolution videos.
With the increased demand for a collaborative and user-friendly video editing platform, this partnership transaction underscores WeVideo's strategy to establish itself as the video creation platform of choice for individuals or organizations that create and publish videos.
"This partnership represents a shared vision and provides an incredibly exciting opportunity for WeVideo to accelerate its growth with Thompson Street Capital Partners," said Krishna Menon, CEO of WeVideo. "In the last few years, WeVideo has delivered on a combination of product innovation, customer growth and profitability and this investment allows us to further expand our reach and impact."
Craig Albrecht, Managing Director, TSCP said, "WeVideo's fully-integrated editing suite balances ease of use with advanced features to deliver a differentiated experience for its K-12, business and personal customers." Mr. Albrecht added, "We are thrilled to partner with the superb leadership team at WeVideo to reach new markets, create new value for our customers and accelerate the Company's already outstanding growth."
AQ Technology Partners acted as the exclusive financial advisor to WeVideo in the transaction.
WeVideo is a powerful, easy to use, cloud-based collaborative video creation platform. With over 30 million accounts created to date, WeVideo is the first choice of businesses, consumers, educators and students, as well as being the video backbone for many third-party media solutions. WeVideo can be accessed from any computer or device: at school, home, work or on the go. Users can easily capture, edit, view and share videos with secure storage of their content in the cloud.
About Thompson Street Capital Partners
Thompson Street Capital Partners (http://www.tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the software and technology services, healthcare and life science services, and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.
Nitesh Dutt, WeVideo, (650) 800-3400, [email protected]