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Mediabridge Capital Advisors EDIA RIDGE M CAPITALB ADVISORS DIGITAL MEDIA INVESTMENT BANKING GLOBAL REACH, VERTICAL DEPTH 2014 Industry Overview September 2014 To Our Colleagues and Friends Attending IBC2014 Another IBC is upon us, and once again, like you, we are keeping a close eye on the key innovations and trends in our quickly evolving industry. MediaBridge co-founders and managing partners Ethan Jacks and John Bowen, together with two senior industry advisors, Tom Ohanian and Graham Sharp, will be on hand throughout the show. We look forward to sharing our perspective on the M&A and corporate finance activities in the industry and our recent transactions. Ethan E. Jacks John C. Bowen Managing Partner Managing Partner [email protected] [email protected] 617.592.2739 (m) 617.921.0075 (m) 2 MediaBridge has been busy since IBC2013 … … advising four top-tier media technology companies in both M&A and capital- raising transactions: Pebble Beach Systems Ltd, with its advanced automation and channel-in-a-box products, was acquired by Vislink plc for $24.7 million. Canada-based X2O Media, known for its HTML-5-based platform for advanced visual communications, was acquired by Barco, a global manufacturer of visual systems, for C$21 million. Teradek LLC, an Irvine, California-based leader in wireless video technology, was acquired by UK-based The Vitec Group plc for up to $30.4 million. iZotope Inc., a leader in music and audio software based in Cambridge, Mass., received $12 million in growth capital from investor ABS Capital Partners, a top private equity firm based in Baltimore, Md. We look forward to meeting with you either at the show or soon thereafter to discuss your strategic growth plans and options. 3 MediaBridge Co-Founder and Managing Partner Our principals have advised on more than 30 mergers and acquisitions in the media sector worldwide. Leading the team are Ethan Jacks and John Bowen, who have more than 50 years of experience in media technology with unmatched expertise in the film, video, audio, broadcast, Internet, and new media markets. • 30+ years experience as investment banker, corporate executive, and corporate lawyer • Co-founded MediaBridge in 2012, after having led Covington Associates expansion into the digital media and technology sectors • Served as Avid Technology senior executive (EVP Corp Development, CLO, CFO) from 1999 to 2006. Led the company during its most significant period of growth. Managed 12 strategic acquisitions, doubling the company’s revenue to Ethan Jacks $1 billion and growing market cap from $400 million to $2.5 billion • Co-founded an environmental technology company in early 90s, which achieved a public market cap of $1 billion in 1996 • BS from MIT and MBA from MIT Sloan School of Management; JD, Georgetown University Law Center 4 MediaBridge Co-Founder and Managing Partner • Extensive investment banking, equity research, and operational IT experience • Prior to co-founding MediaBridge, led Covington Associates expansion into the digital media and technology sectors, representing both privately held and publicly traded companies • VP Equity Research at First Albany Corporation covering digital media technology, networking hardware and software, and enterprise software companies. Previously employed at Sybase, McDonnell Douglas, and Digital Equipment Corp. John Bowen • Author of three significant industry research reports on media technology and CDN markets • 15 years of experience in traditional and new media technology, and 15 years of IT industry experience • BS in Mechanical Engineering with Digital Systems concentration from University of New Hampshire; MBA from Babson College 5 MediaBridge Senior Advisors Attending IBC • 30+ years of experience in the media industry • Current member of the digital media strategy team as Cisco Systems • Former corporate fellow and member of founding team at Avid Technology • Former chief strategy officer at Signiant Tom Ohanian • Academy Award and two-time Emmy Award recipient for scientific and technical invention • 25+ years of executive management experience in the media industry, now at The Vitec Group • Current board member of Media Asset Capital, a full-service media consultancy, and AV3, a Web distribution channel Graham Sharp • Former president and CEO of xtranormal Inc. • Former EVP and GM of Avid’s video division, a $470 million business with 1,500 employees • Executive management positions with Post Impressions, Discreet Logic, and Dynatech 6 Senior Advisors • President of CRX Partners, a media technology business development consultancy • CRX and MediaBridge work to provide the best combination of strategic and transaction expertise to the professional and consumer audio/video markets • 30+ years of executive experience in professional, broadcast, and commercial audio • Senior VP Business & Professional Group Americas (Allen & Heath, Calrec, D&M Pro), D&M Holdings • Full-time consultant, D&M Holdings (M&A and post acquisition integration focus) • VP/GM, Professional Audio, Sony Broadcast & Professional Courtney Spencer • 15+ years experience building new businesses in digital media, with a focus on content creation, production, and distribution • VP of media and entertainment at Box.com • Former chief strategy officer of Final Draft Inc., the world leader in script-writing software • Former executive at Secure Path Technology, an enterprise cloud-based metadata company • Co-founder and former CEO of Sample Digital Inc., where he oversaw development of Emmy Josh Kline Award-winning Digital Dailies solution • CEO of OpenDrives, where he is responsible for day-to-day operations and leads product development and technology strategy • 20-year veteran of the media and technology industry with executive positions held at EMC's Media & Entertainment practice in the Cloud Infrastructure Group, Echostar, and SecurePath Technology. Also built the digital media divisions of two high profile postproduction companies. • Began as an investment banker providing M&A advisory services to companies in the technology, gaming, and publishing industries Chad Knowles • Author of published works for the Motion Picture Association 7 Senior Advisors • 20+ years experience in business development, strategic planning, M&A, IPO, private equity, and international operations • Former partner at North Bridge Ventures, covering communications, wireless, and software • Former senior executive at Shiva Corporation, contributing to a successful IPO, several acquisitions, and a rapid growth phase • Adjunct lecturer at Babson College and former senior lecturer at MIT Sloan Angelo Santinelli • Graduate of Fordham University with an MBA from Harvard Business School • Strategic advisor specializing in the evolution of the global IT market • CEO of UK-based IT security leader Corero Network Security • Co-founded or lead several technology companies as chairman or CEO, including Reva Systems (acquired by ODIN) and Xedia Corporation (acquired by Lucent) • Awarded “CEO of the Year” by Massachusetts Telecommunications Council • Served on the boards of directors of many venture-backed startups and industry consortia Ashley Stephenson • Graduate of Imperial College, London, and an Associate of the Royal College of Science • 20+ years in the entertainment industry including award-winning work as an editor, producer, and director • Director of digital media and technology at the University of Southern California’s School of Cinematic Arts • Worked on numerous feature films including the Academy Award-winning Harlan County, U.S.A. (1976), Arthur (1981), and Visions of Light (1992) Meri Weingarten 8 Senior Advisors • 25+ years experience in technology, media, education, and healthcare • Chief marketing officer at Health Dialog and QuantiaMD • 10 years advising universities and diverse healthcare industry players • 15 years at Forrester Research in both research and marketing executive roles • Graduated from Harvard University with a degree in economics Mary Modahl • EVP and CFO of BCS Solutions Inc., a leading Southern California-based vendor of supply chain automation solutions incorporating RFID and other wireless-based network architectures • Served as the COO and CFO of several major venture capital and private equity- backed companies in technology, retail, and manufacturing • From 2002 to 2007, served as CFO of M-Audio, a pioneer and leader in MIDI-based Scot Ross music and audio products, where he led the sale of M-Audio to Avid Technology for $231 million • Graduate of USC 9 Representative Transactions Transaction closed during employment with: * Covington Associates; ** Silverwood Partners; *** Avid Technology 10 Representative Transactions Transaction Closed During Employment with: * Covington Associates; ** Silverwood Partners; *** Avid Technology 11 Vislink Acquires Pebble Beach Systems for $25 Million • MediaBridge Capital Advisors served as exclusive investment banking advisor to Pebble Beach Systems Ltd in connection with its acquisition in March 2014 by Vislink plc. • Based in Weybridge, Surrey, UK, and founded in 2000, Pebble Beach Systems is a leading developer and supplier of automation, channel-in-a-box, and content management solutions for TV broadcasters, cable, and satellite operators. • Vislink plc is a global technology business leader specializing in high-performance wireless communications products and services for the broadcast, defense, and security markets. “MediaBridge has been advising us for several years to secure the best strategic partner for our next stage
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