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Wednesday, May 29, 2024

Caton Technology Receives US$50 Million Funding from Pasaca Capital

Caton Technology (Asia) Limited, the developer of IP network transport solutions has announced a US$50 million majority equity investment from Pasaca Capital Inc., a California-based private equity firm. The company says the investment will support Caton’s expansion plans to reach more businesses, applications and people with its technology and solution to unlock the internet for live video.

Caton is an experienced innovator in enabling IP delivery networks for the broadcast and media industry. Its R2TP technology and global network CatonNet have been integrated for the delivery of low-latency live IP video transport. Caton’s solutions are used to deliver live video over the open Internet for live sporting events, concerts, remote medical diagnosis surgery training, and other emerging applications. Caton has offices in Hong Kong, China, Japan, Singapore, Taiwan, and the U.S.

“With the increasing demand for high-quality real-time video transmissions and large file transfers, we are excited to invest in Caton and help bring its innovative technology to its fullest potential,” said Sean Rogers, CEO of Pasaca Capital Inc. “We are also pleased to welcome Caton as one of Pasaca’s portfolio companies and be part of our solution to serve digitalization needs across a growing number of industries and geographies.”

“This transaction is a significant vote of confidence in Caton’s innovation, capabilities and growth strategy,” said Ray Huang, CEO of Caton Group. “We are thrilled that Pasaca recognizes the power of IP networks and what our technology will bring to organisations that are on the path of digital transformation. We look forward to be working with Pasaca to deliver game-changing solutions to new markets.”

Pasaca Capital Inc. is a private equity firm with multi-billion dollars under management. Primarily focused on controlling equity investments, Pasaca targets innovative technologies and products, and helps their inventors maximize their commercial value in global markets through funding, strategic transformation, and formulation and execution of global marketing strategies. Pasaca currently has offices in the U.S., Hong Kong, Singapore, mainland China, and Europe.


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