FilmTrack, a Studio City, CA-based provider of SaaS, rights and content management solutions for the film, video and television industry, closed a $20m equity investment from Insight Venture Partners.
In conjunction with the transaction, Peter Sobiloff and Nikitas Koutoupes, managing directors at Insight Venture Partners, will join FilmTrack’s Board of Directors along with Michael Lang, who has been an active strategic advisor to the company since 2012.
The company intends to use the funds to expand its reach globally.
Led by Jason Kassin, CEO, and Stephen Kassin, President, FilmTrack offers cloud-based enterprise-class solutions for content, contract, and rights management that enable film, video and television publishers to manage the entire intellectual-property lifecycle – from inbound script to optimizing global distribution agreements and capturing unexploited revenue streams.
Customers include more than 100 well-known companies including Relativity Media, The Weinstein Company, Focus Features, Miramax, Lionsgate, Screen Australia and Starz.