STRATACACHE Announces 25 Million Dollar Technology Acquisition Fund
STRATACACHE announced today a $25M acquisition fund targeting technology and media companies in the digital signage/digital out-of-home (OOH) media marketplace.
"Although the out-of-home advertising segment is one of the fastest growing segments in the industry, tightening advertising budgets worldwide are putting increased pressure on many early stage companies in the marketplace," says STRATACACHE CEO Chris Riegel. "Many venture-backed or privately held companies with considerable potential were expecting unrealistic growth in the short term and are now running into significant financial difficulty."
With its award-winning digital signage solution, ActiVia for Media, STRATACACHE is poised to grow its offerings and bolster its emphasis on technology by adding complimentary solutions and acquiring appropriately aligned enterprises. STRATACACHE's strong merger and acquisition (M&A) team has demonstrated success through multiple acquisitions within the past five years. Opportunity exists for further growth in this sector for companies with strong management and healthy balance sheets.
Marketing spend remains strong and is still expected to increase in 2008, but an easing of growth in the economy has thwarted an immediate boon in the OOH marketplace. Overall, dollars are undeniably shifting within most major media budgets, moving out of traditional media and into interactive and digital point-of-sale mediums, yet that shift is being stymied by current economic conditions.
STRATACACHE is a leading provider of advanced digital media software for highly distributed enterprises, media networks and leading telecommunications providers worldwide. STRATACACHE's ActiVia for Media digital signage solution manages the entire digital signage lifecycle for multi-layered playlist creation, content distribution, monitoring and reporting of digital signage networks containing up to 250,000 concurrent devices.
Companies interested in exploring acquisition by STRATACACHE or strategic investment should contact STRATACACHE at www.stratacache.com/acquisition.php.
About STRATACACHE
STRATACACHE is the world leader in efficient, scalable and cost effective content distribution, digital signage/digital cinema and application acceleration solutions for highly distributed, network connected organizations. Serving Global 2,000 customers in the retail, finance, service, manufacturing, and government markets worldwide, STRATACACHE's products transparently solve large-scale content distribution, digital media, and application performance challenges while immediately providing tangible return-on-investment and dramatically improved user satisfaction. STRATACACHE is based in Dayton, Ohio, USA and is privately held. For more information please visit www.stratacache.com.
SOURCE: STRATACACHE