WeVideo, a leading cloud-based, and collaborative video creation platform announced that Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has acquired majority ownership in the company. WeVideo has experienced outstanding growth the last few years and this partnership tremendously enhances WeVideo’s ability to deliver on its vision of empowering everyone to impact their world through creative expression.
WeVideo has an extensive feature set that provides an award-winning, cloud-based, collaborative video editing experience. With over 30 million users, WeVideo is the leading video editing platform for education, business, and personal users. As a pioneer of collaborative video creation, WeVideo recently became the first tool to offer real-time collaboration where multiple creators can simultaneously collaborate on the same video in real-time. Now more than ever, WeVideo has become the platform of choice for both collaborative learning in education and workplace collaboration for businesses.
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Since the start of COVID-19 and the significant shift towards online remote workflows, WeVideo has experienced a surge in usage in Education and by Businesses. WeVideo’s adaptive and user-friendly interface appeals to and attracts a broad section of users with varying video creation skills.
With a library of over 1.4 million royalty-free media assets, special effects like green screen, high-quality motion titles, simultaneous webcam and screen recording and more, the possibilities are endless. Exclusive features like WeVideo JumpStart™ enable users to start editing high-quality videos without the painstaking wait for their media to finish uploading. This is especially important in a cloud-based collaborative environment when using 4K and higher-resolution videos.
With the increased demand for a collaborative and user-friendly video editing platform, this partnership transaction underscores WeVideo’s strategy to establish itself as the video creation platform of choice for individuals or organizations that create and publish videos.
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“This partnership represents a shared vision and provides an incredibly exciting opportunity for WeVideo to accelerate its growth with Thompson Street Capital Partners,” said Krishna Menon, CEO. “In the last few years, WeVideo has delivered on a combination of product innovation, customer growth, and profitability, and this investment allows us to further expand our reach and impact.”
Craig Albrecht, Managing Director, TSCP said, “WeVideo’s fully-integrated editing suite balances ease of use with advanced features to deliver a differentiated experience for its K-12, business and personal customers.” Mr. Albrecht added, “We are thrilled to partner with the superb leadership team at WeVideo to reach new markets, create new value for our customers and accelerate the Company’s already outstanding growth.”
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