Clearhaven Partners invests in Zixi to propel next-generation live video transport solutions

Clearhaven Partners, a Boston-based private equity firm, has completed a significant investment in Zixi, the industry leader in Software-Defined Video Platform (SDVP) technology. This strategic partnership aims to accelerate Zixi’s next stages of growth, leveraging its cutting-edge solutions for reliable, scalable, and cost-efficient live video transport across IP networks.

Investment Details and Strategic Goals

Founded in 2006, Zixi has established itself as a pivotal player in the broadcast technology sector, offering comprehensive software solutions to over 1400 customers globally. This includes integration with over 400 partner offerings, serving a wide range of industries from broadcasters and sports leagues to OTT video providers and service providers. Zixi’s innovative solutions have garnered a robust market presence, making it a critical asset in the live video transport field.

Clearhaven Partners, specializing in enterprise and B2B software investments, sees Zixi as a prime example of the type of company it aims to propel. Clearhaven’s investment is poised to support Zixi’s continued innovation and customer-centric approach, ensuring the company remains at the forefront of the industry amidst rapidly evolving market demands.

Zixi’s Market Impact and Technological Advancements

Zixi’s technology is vital in today’s digital-first landscape, particularly for OTT streaming companies and traditional broadcasters who benefit from the flexibility and scalability of IP-based solutions. The Zixi Enabled Network facilitates the seamless delivery of over 20,000 live linear channels and millions of events globally, demonstrating the platform’s capacity for high-performance and extensive reach.

In 2023, Zixi reported a significant increase in annual recurring revenue from OTT customers, which doubled year-over-year. The platform has been instrumental in broadcasting over 1.5 million live sporting events worldwide, showcasing its ability to handle large-scale, high-demand broadcasts with precision and efficiency.

Leadership and Future Outlook

Gordon Brooks, CEO and Executive Chairman of Zixi, expressed his enthusiasm for the partnership, stating, “Partnering with Clearhaven, an investor group with a great deal of expertise scaling software companies and with a unique video thesis, is a natural fit for Zixi. This collaboration will enable us to double down on product innovation and ensure our business achieves next-level scale and scalability.”

Michelle Noon, Founder and Managing Partner of Clearhaven Partners, also highlighted the strategic fit between the two companies: “Zixi is a bullseye fit for Clearhaven’s investment. We have long admired Zixi’s differentiated technology and position as a trusted technology partner to discerning global technology and media companies.”

Legal and Advisory Support

The transaction was supported by Goulston & Storrs PC and Raymond James & Associates, Inc., which served as legal counsel and financial adviser to Zixi, respectively. Clearhaven Partners was advised by Kirkland and Ellis LLP and Meitar.

This investment marks a significant milestone in the evolution of live video transport solutions, setting the stage for Zixi’s continued leadership and innovation in the industry. With Clearhaven’s support, Zixi is well-positioned to explore new horizons in IP-based media transport, addressing the growing demand for agile, cost-effective video workflows.