iZotope Receives $12m Equity Investment from ABS Capital Partners
Summary
iZotope, Inc., a Cambridge, Massachusetts-based audio technology company, received a $12m equity investment from ABS Capital Partners.In conjunction with the financing, ABS Capital general partner Laura Witt will join iZotope’s board of directors, along with Dean Goodermote.Founded in 2001 by Mark Ethier, CEO, iZotope makes products and audio technologies for professionals and hobbyists which are sold directly online, as well as through brick and mortar and online retail channels such as Guitar Center.Through licensing programs, it also powers products made by industry partners such as Adobe, Avid, Microsoft, and Sony, and some mobile phone applications.Clients include Depeche Mode, Garbage, Skrillex, and Wu-Tang Clan; radio stations and TV programming such as CBS’s Survivor, the Discovery Channel’s Deadliest Catch, the World Cup broadcast and the GRAMMY awards.
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