John Malone and John Risley invest $8 mln in UXP Systems
Toronto-based computer software provider UXP Systems has received an investment from U.S. business executive John Malone and John Risley, president and CEO of Canadian holding company Clearwater Fine Foods. The investment's value was not disclosed, however, The Wall Street Journal reported it at US$8 million. UXP Systems, which was founded in 2011, said the deal will help accelerate growth of its business, which is focused on helping cable operators deliver more personalized services to customers. Malone and Risley were leading investors in Columbus International Inc, a portfolio company of Portland Private Equity that was recently sold for US$3.025 billion.
13 April 2015•2 mins read
