3Play Media Receives Significant Investment from Riverside Partners
BOSTON--(BUSINESS WIRE)--May 14, 2019--
3Play Media, the leading provider of high-quality, fast-turnaround video accessibility services at scale, announced today that it has received a significant investment from Riverside Partners, a Boston-based private equity firm. 3Play Media provides premium video captioning, transcription, subtitling, and audio description services to more than 2,500 customers across multiple industries. 3Play Media’s technology solutions employ an innovative approach that combines human editors with natural language processing and machine learning to guarantee high accuracy and fast turnaround at scale.
Founded in 1989, Riverside Partners manages over $1 billion in equity capital and invests in growth-oriented technology and healthcare companies. Riverside Partners’ strategy is to collaborate with management teams to accelerate growth, particularly through accelerated sales and marketing efforts, new product development and geographic expansion.
“We are extremely excited about the next phase of 3Play’s growth,” said Josh Miller, Co-CEO of 3Play Media. “From the founding of the company, we’ve had a vision that one day, every video will be accessible for a variety of reasons and use cases. This partnership will ensure that we are on the forefront of making that a reality even faster.” Co-CEO, Chris Antunes, added, “Technology has had a deep impact on how people use and engage with media content. Riverside’s support as a technology investor will enable us to continue to deliver unparalleled video captioning and related services at scale for our customers, but also accelerate our product roadmap and organizational growth to serve customers, prospects and partners better than ever.”
Michelle Noon, a General Partner at Riverside Partners, commented, “As technology investors, we recognize the unique differentiation and scalability of 3Play Media’s solutions. As partners to management, we could not be more enthusiastic to support Chris and Josh through the Company’s next phase of growth and continued success.”
3Play Media’s goal is to make video accessibility as automated and seamless for customers as possible through 99%+ accuracy, user friendly workflows, flexible APIs, and the greatest number of integrations with video platforms and players in the market. Customers span multiple end markets including media and entertainment companies, e-learning and higher education institutions, enterprise and ecommerce businesses in multiple vertical markets, and government agencies.
About 3Play Media
3Play Media provides closed captioning, transcription, and audio description to more than 2,500 customers including in higher education, enterprise, entertainment, and government. 3Play Media simplifies the process of making videos accessible through flexible APIs, integrations with video players and platforms, simple plugins, and a user-friendly online account system. Learn more at www.3playmedia.com.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. For more information, visit www.riversidepartners.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190514005271/en/
CONTACT: 3Play Media
Director of Marketing
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE AUDIO/VIDEO PROFESSIONAL SERVICES FINANCE
SOURCE: 3Play Media
Copyright Business Wire 2019.
PUB: 05/14/2019 07:00 AM/DISC: 05/14/2019 07:00 AM