Transaction Supports IT Industry Consolidation
BOSTON January 19, 2021 — MediaBridge Capital Advisors today announced that it served as the exclusive investment banking advisor to Unlimi-Tech Software Inc., the creator of FileCatalyst, an Emmy® award winning accelerated-file-transfer solution for customers such as NBC Olympics, Comcast, Dell, GE, the United Nations and Bell Canada. FileCatalyst enables organizations working with extremely large files to optimize and transfer their information swiftly and securely across global networks.
With the increasing need to share video and other media-rich files, big data, and extensive databases, many businesses struggle with technology and bandwidth constraints. FileCatalyst solves these challenges by enabling files to move at speeds hundreds of times faster than what FTP allows, while ensuring secure and reliable delivery and tracking. This empowers businesses to work more efficiently, without the latency and packet loss that can plague the movement of vast amounts of information when it comes to content distribution, file sharing, and offsite backups.
“Our customers and partners have expressed a growing need to move significant volumes of data more quickly than ever before, and FileCatalyst addresses this problem effectively for many well-known organizations,” said Kate Bolseth, CEO, HelpSystems. “FileCatalyst is an excellent addition to our managed file transfer and robotic process automation offerings, and we are pleased to bring the FileCatalyst team and their strong file acceleration knowledge into the global HelpSystems family.”
“We are thrilled to become part of a company with deep roots and expertise in both cybersecurity and automation,” said Chris Bailey, CEO and Co-Founder, FileCatalyst. “Our customers will find value in pairing our file transfer acceleration solutions with HelpSystems’ extensive solution suites.”
“This acquisition is another example of the IT-industry consolidation of leading brands in Media and Entertainment,” said John Bowen, co-founder, and Managing Partner of MediaBridge Capital Advisors. “HelpSystems’ robust cybersecurity and automation solution portfolios will offer FileCatalyst customers a powerful extended suite of capabilities.”