Covington becomes controlling investor in Masstech Innovations
Masstech Group Inc has undergone an ownership restructuring whereby it is now controlled by Covington Funds, a Canadian venture capital firm. No financial terms were disclosed. The business, which will now fall under a new corporate entity, Masstech Innovations Inc, said the restructuring will help accelerate growth, respond to demand, and capitalize on its imminent new software releases. Based in Toronto, Masstech provides software solutions and expertise to media organizations to manage their digital media content and related information throughout its life-cycle. Founded in 2001, the company has previously secured investments from Covington, according to Thomson Reuters.
21 September 2015•3 mins read
