UK-based digital signage ISV Screencloud secured a significant investment from European tech investor Tenzing. As a Google ChromeOS partner, Screencloud is specialized in corporate communication and general purpose signage projects. With comparable revenues, Screencloud and Navori are now both controlled by private equity and positioned as a buy-and-build nucleus.
The digital signage software market is consolidating at an even faster pace than originally anticipated. Private equity investors are buying into leading digital signage ISVs like Screencloud or Navori to buy-and-build market leading platforms. Digital signage CMS platforms are a scale game where size (installed base) matters. Especially the emergence of AI is expediting consolidation, as mostly large market players are able to manage the investments.
Screencloud was founded in 2015 by three UK entrepreneurs and is led by CEO Mark McDermott. Today, Screencloud serves more than 10.000 organisations generating around €20 million recurring revenues with offices in the UK, USA, and a large development team in Thailand. Screencloud serves a diverse global customer base across numerous industries.
Buy-and-build with Screencloud as core
This investment of software investor Tenzing is supposed to accelerate Screencloud’s growth and vision of becoming the number one brand leader in the digital signage category.
Screencloud plans to invest with London, Munich, and Stockholm based Tenzing in AI technologies to simplify and automate content creation and device management. In addition, the new investor will enable Screencloud to explore strategic M&A opportunities
