MediaValet to be acquired by Menlo Park firm

It’s become a theme.

There is yet another private equity takeout of a Canadian tech today, as Media Valet (Media Valet Stock Quote, Chart, News, Analysts, Financials TSX:MVP) has agreed to be acquired by Menlo park firm STG Partners.

The transaction, priced at $1.71, values MVP at approximately $80-million. It was approved unanimously by the company’s board.

“MediaValet stands at the forefront of the enterprise digital asset management, video management and creative operations industries. Our focus on providing an easy-to-use, highly secure and high-performance solution has allowed our over 70,000 end users to drive collaboration and compliance, resulting in ARR growing more than 5x over the last five years, CEO Rob Chase said. “By partnering with STG, a proven technology investor with a track record in building market-leading companies, we are positioning MediaValet for continued innovation, and an exciting future for both our dedicated employees and over 500 customers around the world.”

Vancouver-based MediaValet, which operates cloud-native digital asset management (DAM), video content management and creative operations software for enterprise customers.

MediaValet joins Farmers Edge, Q4 Technologies, Absolute Software and H2O Technologies in recent private equity buyouts of Canadian techs.