Achievements
boosted recurring revenue
accelerated EBITDA annual growth
As a result of significant investment, recurring revenue and EBITDA annual growth accelerated to 20% and 54% respectively, with 105% net customer retention. Sohonet’s Clearview product won an Engineering Science Technology Emmy award in 2021 and e exited in March 2021 to a financial sponsor, generating a 4.2x return over the course of the investment period.
Until our investment, Sohonet was founder-led by a high-quality, engineering-oriented team based in London. We partnered with the business in 2012 to re-invigorate growth by providing capital and support
We supported Sohonet over the course of our investment period by:
Introducing Chuck Parker, a senior industry executive based in Los Angeles, to the business as CEO. This was part of a pre-agreed transition to accelerate US expansion and improve commercial relationships.
Bolstering the senior team with other key hires including a CFO, CMO and US-based CRO.
Signing off significant investment for developing network-enabled software products (Clearview and Filerunner), specifically built for the media industry.
Leading the acquisition of Exchange Communications, the leading provider of on-set communication services in the US.
Chuck Parker (CEO) Our time with FPE as a growth investor has been completely transformational for Sohonet. Together, we’ve taken a business with a great service reputation within the global video production industry, moved them into film, TV and advertising production and scaled them around the world. We did this by investing in innovation to solve industry problems. FPE has been an active partner and a key element in our success
