LiveU, the Hackensack-based video streaming and remote production solutions company, has been sold by one global investment firm to another, it announced Tuesday.
Financial terms were not disclosed.
“We’re excited to partner with Carlyle as we look to expand LiveU’s global footprint and service offering,” co-founder and CEO Samuel Wasserman said in a prepared statement. “This is a significant milestone for LiveU and represents a strong vote of confidence in our business.
“Carlyle brings deep industry expertise with their track record in the media and technology space alongside a global network. We greatly thank Francisco Partners and IGP Capital for their support and partnership over the last few years.”
GCA Altium advised LiveU on the transaction.