LDC has acquired Sohonet, an international provider of connectivity, collaboration software, media services and network security for the media and entertainment industry.
Founded in 1995, Sohonet provides media companies and media professionals with a wide range of technically advanced and highly secure solutions. These are designed to help media professionals collaborate on projects with their internationally distributed teams to create the magic that appears on our screens for feature films, TV shows and advertising.
The business has a global presence across Europe, North America and Australasia, and employs more than 120 people. The business operates in a market that is fuelled by the growth of leading on-demand platforms like Netflix, Disney+ and Amazon Prime.
Chuck Parker, CEO of Sohonet, said: “We are very pleased with the growth of the business over the past six years and are proud of the brand and products we have developed. The migration of post services to the cloud, the rise of virtual production, and the explosion of remote collaboration has made our capabilities more relevant than ever, as storytellers everywhere find themselves in the golden age of content creation.”
Dewi Hughes at LDC, added: “Chuck and his ambitious team came to LDC with a clearly mapped out strategy to continue to grow the business in a rapidly evolving market environment. We are therefore delighted to be investing in such a well-established, branded innovator and to support Sohonet in the next chapter of their journey.”