Caton Technology (Asia) Limited, a next-generation IP network transport solutions provider has announced a US$50 million majority equity investment from Pasaca Capital Inc., a California-based private equity firm.
This investment will support Caton’s expansion plans to reach more businesses, applications and people with its technology and solution to unlock the internet for superior live video.
“With the increasing demand for high-quality real-time video transmissions and large file transfers, we are excited to invest in Caton and help bring its innovative technology to its fullest potential,” said Sean Rogers, CEO of Pasaca Capital Inc. “We are also pleased to welcome Caton as one of Pasaca’s portfolio companies and be part of our solution to serve digitalization needs across a growing number of industries and geographies.”
“This transaction is a significant vote of confidence in Caton’s innovation, capabilities and growth strategy,” said Ray Huang, CEO of Caton Group. “We are thrilled that Pasaca recognizes the power of IP networks and what our technology will bring to organizations that are on the path of digital transformation. We look forward to be working with Pasaca to deliver game-changing solutions to new markets.”
Caton is an innovator in enabling IP delivery networks for the broadcast and media industry. Its R2TP technology and global network CatonNet have been integrated as a disrupting solution for the delivery of low latency live IP video transport.
Through collaboration with its partners and customers, Caton’s solutions have enabled broadcasters, enterprises and service providers to transport broadcast quality video and large files over any IP network.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.