Iyuno-SDI Group, a provider of localization services to the media and entertainment industry, has announced that it has secured a $160 million investment from SoftBank Vision Fund 2.
The investment will provide Iyuno-SDI with the necessary resources to support its mission of transforming the localization industry.
SoftBank Vision Fund 2 will become one of the largest shareholders of Iyuno-SDI and join its Board of Directors together with Altor, David Lee – Iyuno-SDI Group CEO, Shamrock Capital Advisors and SoftBank Ventures Asia Corp, according to a statement made by the company.
“SoftBank Vision Fund 2 joining Iyuno-SDI’s impressive group of investors is a significant milestone in the evolution of our company,” said David Lee, CEO of Iyuno-SDI Group. “SoftBank Vision Fund 2’s portfolio companies are each transformative in their respective industries and Iyuno-SDI is proud to join this network of businesses innovating and advancing the state of the art.”
“We believe the media and entertainment sector is undergoing massive disruption, as content distribution and consumption patterns are dramatically changing,” said Chris Lee, Director at SoftBank Investment Advisers. “We are excited to partner with David and the Iyuno-SDI team to support their mission of delivering technology-driven localization services to the media and entertainment industry.”
SoftBank Group earlier became the institutional investor of Iyuno Media Group through its venture capital arm, SoftBank Ventures Asia Corp. in 2018.
The announcement of SoftBank Vision Fund 2’s investment in Iyuno-SDI comes only two weeks after Iyuno Media Group’s completion of its acquisition of SDI Media – nearly doubling the combined company’s global footprint with 67 offices across 34 countries.
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.