Last week, Cenareo CEO David Keribin presented the Carbon calculator for the digital signage industry at the DSS conference in Munich. Now, the Toulouse-based digital signage provider has announced the acquisition of Easymovie – a business platform for video production and sharing.
Cenareo: Digital Signage Specialist Acquires Video Platform
Cenareo is one of many digital signage software providers that operate successfully in the market without a high profile. In the ten years since its founding in Toulouse, the company, which offers software and Linux media players, has become a significant SaaS digital signage expert with more than 200 customers and 20,000 licenses. With more than EUR 3 million in annual recurring revenue (ARR), Cenareo is considered a medium-sized software company with an attractive subscription business model.
Acquisition of Easymovie
With the support of financial investors, Cenareo is now acquiring Easymovie, also a French company. With offices in Paris, Tunis, and New York, the B2B video production platform generates €5 million in ARR with more than 170 clients. Since its founding ten years ago, Easymovie has raised EUR 12 million in funding from investors. The video platform encompasses pre-production, production, post-production, and sharing.
Combined company with EUR 8 million ARR
Cenareo, located in the same business park as Intuiface just outside Toulouse, gains €8 million in ARR through the acquisition and serves 500 clients primarily in Europe and the USA. The team of 75 employees is based in offices in Toulouse, Paris, Tunis, and New York.
