FilmTrack Secures $20 Million Growth Investment From Insight Venture Partners

FilmTrack Secures $20 Million Growth Investment From Insight Venture Partners

PR Newswire

STUDIO CITY, Calif., Aug. 26, 2013

STUDIO CITY, Calif., Aug. 26, 2013 /PRNewswire/ -- FilmTrack, a world leader
in software-as-a-service (SaaS), rights and content management for the film,
video and television industry, today announced the closing of a $20 million
equity investment from Insight Venture Partners. FilmTrack will use the
proceeds to support rapid growth as it expands the global roster of clients
using FilmTrack to better manage and monetize their intellectual property. As
part of the transaction, Peter Sobiloff and Nikitas Koutoupes, managing
directors at Insight Venture Partners, will be joining FilmTrack's Board of
Directors. The company also announced that Michael Lang, who has been an
active strategic advisor to the company since 2012, has joined FilmTrack's
Board of Directors.

"We're excited to partner with the Insight team to accelerate our growth and
accommodate our clients' exponentially expanding needs to better manage their
intellectual property, content and data. Wider distribution via mobile and the
Internet has exploded licensing and viewership opportunities – we help clients
reap the benefits from this trend," said Jason Kassin, CEO at FilmTrack. "We
are also delighted to further our collaboration with Mike Lang who has been an
invaluable advisor to the Company in many ways since 2012 including this
game-changing capital raise. With our new Board and this capital infusion,
FilmTrack is poised to capture a new wave of expansion."

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.

FilmTrack currently provides business and technology solutions to more than
100 well-known companies including Relativity Media, The Weinstein Company,
Focus Features, Miramax, Lionsgate, Screen Australia and Starz. The investment
comes as media companies are increasingly shifting towards FilmTrack's
software platform to streamline their IP supply chain and license sales
activities.

Insight Venture Partners is a global growth equity investor that specializes
in collaborating with software, eCommerce, Internet and data-services
companies to help them achieve profitable growth via organic and M&A paths.
The firm has invested in more than 15 SaaS technology companies in the past
three years and will work with FilmTrack's management to identify new
strategic opportunities for growth.

"FilmTrack has established a very impressive niche in delivering innovative
business solutions to the media sector at a time of rapid transition to
digital technology," said Insight Venture Partners' managing director Peter
Sobiloff. "We look forward to working closely with Jason and his team to
further scale the business, expand their global client base and broaden the
Company's reach into new verticals."

Michael Lang, joining FilmTrack's Board of Directors, commented: "I know from
firsthand experience that FilmTrack is the long-awaited platform that will
enable film and television companies to effectively and efficiently manage
their IP from inception to long-tail release. The Company solves an issue
that content publishers have been dealing with for years."

Lang, CEO of Lang Media Group, an advisory and sponsor equity firm, brings
significant industry experience to FilmTrack. He recently served as CEO of
Miramax, where he successfully turned the company around with aggressive
global licensing of the Studio's 700-plus film library. Prior to Miramax, Lang
ran Business Development & Strategy for Fox Entertainment, where he helped
oversee the creation of Hulu, the acquisition of MySpace and the launch of new
cable channels.

About FilmTrack
FilmTrack (www.filmtrack.net) is a leading provider of content and rights
management for the global film and television industry. A cloud-based, SaaS
company, FilmTrack offers enterprise-class solutions for delivery and display
of rich media and content, contract administration, invoicing, rights
management, availability and physical materials tracking. FilmTrack's
technology, product suite and services, which are now in use by some off the
world's foremost film and television distributors, help companies drive sales
productivity and growth by better managing and monetizing IP throughout its
life cycle. The company was co-founded and is now run by two brothers with
extensive experience in the IT and media world, Jason Kassin (CEO) and his
brother Stephen Kassin (President).

About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture
capital firm investing in software, eCommerce, Internet, and data-services
companies. Founded in 1995, Insight has raised more than $7.6 billion and
made more than 190 investments worldwide. Insight's mission is to find, fund,
and work successfully with visionary executives who are driving change in
their industries. Insight provides them with practical, hands-on growth
expertise to foster long-term success. For more information on Insight and
all of its investments, visitwww.insightpartners.com.

About Lang Media Group
Lang Media Group is an advisory and sponsor equity firm focused on the media
and digital space. The company's President is Mike Lang, former CEO of
Miramax as well as a Senior Executive at both Fox Entertainment and The Walt
Disney Company. Beyond advising various clients on strategic issues, M&A and
capital raises, Lang currently serves on the Board of FilmTrack, the Harlem
Globetrotters and video game developer Foundation 9.

SOURCE Insight Venture Partners

Website: http://www.insightpartners.com
Contact: For FilmTrack: Jonathan Bing, Bing Communications Group, (323)
839-7284, jbing@bingcommunications.net; or For Insight Venture Partners: David
Satterfield, G.F.Bunting+Co, (408) 802-6767, david@gfbunting.com
 
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