Dejero Completes Major Finance Deal
Broadcast connectivity technology pioneer receives a CAD$32 million injection from Kayne Partners and satellite leader Intelsat to advance product development, global growth and entry into new markets.
Dejero has announced substantial new financing to speed its product development roadmap and its global expansion into the broadcast and media market. The investment will primarily be used to fund development and commercialization of Dejero’s blended connectivity solutions into new markets.
The investment of CAD$32 million comes from Kayne Partners, the growth private equity arm of Kayne Anderson Capital Advisors LP, an investment firm managing approximately $25 billion in assets and satellite leader Intelsat. Intelsat is a strategic investor and is already a collaborating partner in the Dejero CellSat solution, which intelligently combines cellular connectivity from multiple mobile network providers with Ku-band IP satellite connectivity.
“We are impressed with Dejero’s rapid growth and worldwide success, which are clearly driven by its unique network blending technology that solves connectivity challenges in portable, in-vehicle and fixed location scenarios,” said Leon Chen, Managing Director at Kayne Partners. “This investment will allow Dejero to bring its innovative thinking more quickly to market and further extend its position as market leader.” As part of this financing round, Leon and Rob Shilton, also of Kayne Partners, will be joining the Dejero board of directors.
Also joining the board is Michael DeMarco, Intelsat’s Executive Vice President of Operations, who commented: “following the success of our recent partnership that brought the Dejero CellSat solution to market, we’ve made a strategic investment that will accelerate our collaboration on additional multi-network connectivity solutions for our customers.”
Bruce Anderson, CEO of Dejero, explained “Simple, fast, cost-effective and highly reliable connectivity is vital in today’s interconnected world, and is becoming ever more so through natural progressions such as connected vehicles and the internet of things. With this funding we see huge opportunities to deliver a broader range of blended connectivity solutions and services, not only to our traditional market of broadcast and media, but to other markets where reliable, flexible connectivity is just as vital.
“Our existing collaboration with Intelsat is greatly enhanced by this investment, which we value as an endorsement of our skills in innovation and delivery,” Anderson added. “Kayne brings to the table a new set of insights and connections which will also drive strong growth.”
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