Signiant Attracts Major Growth Investment from Battery Ventures

Deal News | Jan 09, 2025 | Battery Ventures

Signiant Attracts Major Growth Investment from Battery Ventures

Signiant, a leader in secure file transfer software for the media and entertainment sector, has announced securing a significant growth investment from the technology-focused firm Battery Ventures. Though the specifics of the investment were undisclosed, the move is intended to accelerate product development and market expansion, along with exploring potential acquisitions in the media technology space. Signiant's software, crucial for managing and transferring large media files securely and efficiently, is widely utilized by major media companies including NBCU and Warner Brothers Discovery. Battery Ventures, recognizing the increasing complexity of media content production, views Signiant's innovative SaaS offerings as critical to enhancing the flow and handling of media files globally. Battery Partners Dave Tabors and Roland Anderson, who are joining Signiant’s board, underline the robustness and client loyalty surrounding Signiant’s platform. They see significant potential for the company’s continued organic growth and through acquisitions of complementary technologies.

Sectors

  • Media and Entertainment Technology
  • Software as a Service (SaaS)
  • Private Equity

Geography

  • United States – Signiant is based in Lexington, Massachusetts, and Battery Ventures has offices in several U.S. cities, highlighting the primary geography of the deal.

Industry

  • Media and Entertainment Technology – The article discusses Signiant, a company providing software solutions for secure file transfers in the media and entertainment sector.
  • Software as a Service (SaaS) – Signiant's platform operates on a SaaS model, which is relevant as it highlights the business model and delivery method for their services.
  • Private Equity – Battery Ventures, a private equity firm, provides the investment to Signiant, which is central to the transaction covered in the article.

Financials

  • Not Disclosed – The terms of the majority growth investment by Battery Ventures in Signiant.

Participants

NameRoleTypeDescription
SigniantTarget CompanyCompanyA provider of secure file transfer software for the media and entertainment industry.
Battery VenturesInvesting CompanyCompanyA global, technology-focused investment firm providing growth investment to Signiant.
NBCUCustomerCompanyOne of the media companies utilizing Signiant’s technology.
Warner Brothers DiscoveryCustomerCompanyA client of Signiant’s secure file transfer solutions.
PharusFinancial AdvisorCompanyServed as the exclusive advisor to Signiant on the investment transaction.
Mintz LevinLegal AdvisorCompanyProvided legal counsel to Signiant for the transaction.