OpenGate Capital, a global private equity firm, has announced that it has acquired a majority interest in CoreMedia AG, a global Content Management and Digital Experience Platform, from Deutsche Telekom Capital Partners and a consortium of private investors, the company said.
The investment is the sixth in OpenGate´s recently closed, second institutional fund of approximately USD 585 million. CoreMedia, with over 160 employees, is headquartered in Hamburg, Germany, and has operations in the United States, United Kingdom, and Singapore.
Terms of the transaction were not disclosed.
CoreMedia´s suite of offerings blend real-time product information with multimedia marketing content to deliver personalized product messaging across a variety of digital channels. Its solutions are used by companies to increase their digital presence, manage digital asset libraries and enhance their eCommerce platform.
Founded in 2005, OpenGate Capital is a global private equity firm that strives to acquire and optimize lower middle market businesses throughout North America and Europe with a strategic focus on operational improvement, innovation and strategic growth. OpenGate is headquartered in Los Angeles and Paris and has a seasoned in-house team of professionals overseeing the entire lifecycle of each investment. To learn more about OpenGate, visit www.opengatecapital.com