ScreenCloud Secures Strategic Investment from Tenzing to Accelerate Global Growth

ScreenCloud, a global leader in cloud digital signage solutions, today announces a significant investment from European tech investor Tenzing. This strategic partnership marks an exciting new chapter in ScreenCloud's growth journey, focused on enhancing the platform's capabilities and delivering even greater value to users worldwide.

Founded in 2015 by three product-focused entrepreneurs, ScreenCloud has established itself as the premier digital signage platform helping organisations of all sizes effectively communicate with and engage their key stakeholders. With offices in the UK, USA, and Thailand, ScreenCloud serves a diverse global customer base across numerous industries.

This investment will accelerate ScreenCloud's growth and vision of becoming the number one brand leader in the digital signage category. The partnership with Tenzing will specifically enable:

• Advancement of AI technologies to simplify and automate content creation whilst making screen management more reliable, intuitive and impactful
• Execution of our shared vision to elevate screens into powerful, transformative communication channels for businesses of all sizes
• Exploration of strategic M&A opportunities with support from Tenzing's acquisitions director and financial backing

"We are thrilled to announce our partnership with Tenzing. This partnership not only provides us with opportunities to explore M&A in the future, with their financial backing and expertise, but also aligns perfectly with our shared vision for the future of Digital Signage. Together with Tenzing we see a clear path to becoming the number one brand leader in our category and utilising AI to transform screens into a compelling communication channel for all businesses," said Mark McDermott, CEO of ScreenCloud.

Carl Lavin, Investment Lead at Tenzing, commented: "We are delighted to partner with Mark and the team at ScreenCloud. We have been drawn to the market-leading product offering run by a modern R&D function. We see many avenues for continued growth and look forward to sharing our knowledge of scaling European software firms to help ScreenCloud reach new heights."

About Tenzing

Headquartered in London, with hubs in Munich and Stockholm, Tenzing backs European B2B software and tech-enabled businesses valued between £10m and £200m. Tenzing seeks to partner with niche market leaders that have a track record of organic growth and high recurring revenue. Today, Tenzing has £1.7bn AuM and 19 portfolio companies. The Firm's namesake, Tenzing Norgay, the Nepalese mountaineer who guided Sir Edmund Hillary on the first ascent of Mount Everest, symbolises the Firm's commitment to guiding its portfolio businesses to the summit of their ambitions.

https://tenzing.pe/ 

Why Tenzing?

• Alignment with Tenzing's values and brand story (supporting entrepreneurs to "climb to impossible heights" - inspired by the Tenzing Norgay and Edmund Hillary story)
• Opportunity to explore M&A in the future with support from Tenzing's acquisitions director and financial backing
• Shared vision with Tenzing (specifically Carl) about making ScreenCloud the number one brand leader in the digital signage category
• Alignment on utilising AI to transform screens into powerful communication channels for businesses