Dejero, the developer of bonded cellular and cloud-based video technologies, has announced a USD$60 million minority recapitalisation of the business, led by Vertu Capital. Vertu partnered with Ubicom Ventures, a special purpose investment entity in partnership with Dejero management, to complete the transaction and pave the way for accelerating the company’s growth.
Founded by Bogdan Frusina in 2008, and led by Bruce Anderson, CEO, Dejero is headquartered in Waterloo, Ontario, one of Canada’s top tech hubs, with offices in the US and UK, and a global distribution network. The company’s live video and real-time data transmission solutions are used by leading broadcasters, production companies, public safety and government agencies, along with enterprise customers around the globe who need uninterrupted connectivity for their critical applications.
“Canada’s technology ecosystem is thriving, and we are excited to be playing a vital role by actively partnering with premier companies that are at critical points of inflection in their growth and scale,” said Lisa Melchior, founder and managing partner of Vertu. “Dejero exemplifies a Vertu investment; the company has an established world-leading technology solution and is accelerating its expansion into multiple global markets. We are thrilled to be partnering with Bruce, Bogdan and the entire Dejero management team on this exciting new chapter for the company.”
“Vertu is the perfect partner for us. They bring deep software sector expertise and decades of experience investing in large, global tech businesses, so they understand where Dejero is heading,” said Mr. Anderson. “We are excited to collaborate with the Vertu team on our plans to accelerate our growth and achieve our strategic goals.”
“We are thrilled about the opportunity that Dejero brings to our investors,” said Ubicom managing director Terry Thib. “Our mission is to identify disruptive technologies that can be deployed on a global scale. Through our partnership with Bruce and Bogdan, we are excited to play a critical role in the evolution of Dejero as it continues to tackle burgeoning critical connectivity markets that will benefit from its cutting-edge technology.”