It’s funny how many people in the music tech business see private investment and assume that means the company is in some kind of trouble. But for the “parent group” (whatever it will be called) arrangement to work, it’s a safe bet that iZotope also got a major investment from Francisco Partners. In a conversation with CDM, they declined to discuss further details of the funding side of the arrangement. It seems iZotope now has a mirror arrangement. That news was probably overshadowed by the management shakeup – Daniel Haver and Mate Galic out, Constantin in.ĮMH retains a minority share in NI, and is listed as a backer for the new parent group. In 2020, EMH invested more and got a controlling stake in the company NI shareholders retained their minority stake but NI ceased to be independently-owned. I made fun of their bright blue suits and commented that words in business press releases seem not to mean anything, the sort of behavior that may explain why I’m not a highly sought-after business journalist. In 2017, EMH made a major investment in Native Instruments. That majority stake it acquired in January from Munich-based EMH Partners, an investment firm. The USA firm Francisco Partners has a majority stake in Native Instruments. But that is an umbrella company, formed by Francisco Partners. They’re calling it the “music and audio creator group,” all lowercase. Group what now? So, this is funny, in that the group seems to not really have a name yet. They will now be “co-presidents of the group.” Mark Ethier, co-founder of iZotope, continues as their CEO. Constantin Koehncke continues as CEO at NI (a role he entered on 1 October). There’s a new parent, but the two companies operate independently. You can read the corporatespeak if you really want to, but let me boil it down for you into actual human terms.
#IZOTOPE SUBSCRIPTION SOFTWARE#
Just weeks after announcing it was acquiring a majority stake in Native Instruments, Francisco Partners now will create a parent company for both NI and iZotope, making two of the largest names in audio software “sister companies.” Make no mistake – music production is attracting investors.
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