Panopto was founded in 2007 and sells software that enables businesses and universities to create secure, searchable video libraries. Panopto was founded by technology entrepreneurs and software design veterans at Carnegie Mellon University’s School of Computer Science. The company is led by CEO Eric Burns and is headquartered in Seattle with offices in Pittsburgh, London, Hong Kong, Beijing, and Sydney (www.panopto.com).
Since its founding, the company has amassed more than two million videos in its cloud-based video platform, making it the largest repository of expert learning videos in the world. Each month, customers stream more than 100 years of video from Panopto Cloud, which has experienced 20% compound quarterly growth since 2012. For two years running, the company has been recognized by Gartner as a “Leader” in enterprise video content management and has been ranked as one of the fastest growing companies on Deloitte’s Fast 500 list. Current clients include New York Life, GE Healthcare Digital, Yale University, Brown University, and the Wharton School of Business.
“Within five years, video will be the dominant form of online communication,” said Jason Rosenberg, a Managing Director with the Education Opportunity Fund. “As demand for this technology continues to accelerate, Panopto is leading the industry in product innovation and organizational capability. With its explosive growth in the enterprise, its dominant position in higher education, and its significant technological advantages over its competitors, Panopto is set to emerge as the leader in this multibillion-dollar market. We’re thrilled to partner with the company and the leadership team as they continue to scale.”
Sterling Partners focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends, including education, healthcare, and business services. Sterling manages over $5 billion in institutional capital. The firm was founded in 1983 and has offices in Chicago, Baltimore, and Miami (www.sterlingpartners.com).
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