Signiant Inc. has acquired Lesspain Software, a German provider of embedded media processing software and the desktop application Kyno. Lesspain’s technology will be used to extend the functionality of Signiant’s software defined content exchange SaaS platform, adding tools for interaction with media assets.
Margaret Craig, CEO of Signiant, said “There are several consolidators in the media technology space focused on aggregating the revenue of legacy hardware and software companies. We aren’t looking to replicate that kind of roll-up model. Instead, Signiant is executing a true platform strategy by targeting software companies with complementary functionality that can be transformed into cloud-native SaaS. We’re operating the industry’s preeminent SaaS platform at scale, and we have built SaaS-centric operational infrastructure across every functional area of the company. Through adjacent acquisitions, these investments can now be leveraged to deliver the media-centric capabilities that our customers are clamoring for ⎯ all on a unified software platform.”
Robert Krüger, managing partner, Lesspain, commented “We’re excited about the opportunity to become part of an innovative, customer-centric organization that is committed to the media industry. Our deep experience with content processing and management will enable meaningful contributions as the company continues to advance the SDCX platform vision beyond file transfer.”