ChyronHego Corporation
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ChyronHego Corporation - overview
Established
1966
Location
-, NY, US
Primary Industry
Media
About
ChyronHego Corporation specializes in innovative broadcast graphics solutions, focusing on real-time data visualization and content enhancement for live television, news, and sports production sectors. Founded in 1966 in the United States, ChyronHego Corporation provides advanced broadcast graphics and data visualization technologies. The company operates with a focus on media organizations, engaging in B2B transactions. Marco Andriani, the founder, has a legacy of innovation in broadcasting.
The company recently underwent a funding round, transitioning from Public to Private, with an amount of USD 104. 10 mn raised, primarily from Vector Capital. Throughout its history, ChyronHego has completed a total of 3 deals. ChyronHego specializes in advanced broadcast graphics creation, playout, and real-time data visualization, primarily catering to live television, news, and sports production sectors.
The company’s core offerings enhance live production and data technologies, essential for creating engaging visual content. Their products are utilized by a diverse client base including television stations, sports venues, houses of worship, corporate and government entities, and educational institutions. ChyronHego's solutions are deployed across various international markets including North America, Europe, and Asia-Pacific, enabling clients to deliver dynamic content that engages audiences in real-time. ChyronHego reported a revenue of USD 47.
41 mn for the most recent year, with an EBITDA of USD -4. 74 mn. The company's revenue is generated through a combination of direct sales and strategic partnerships within the broadcasting sector, primarily serving media organizations and production companies through licensing agreements and hardware sales. Their pricing structures accommodate a range of clients from small institutions to large networks, fostering long-term customer relationships and recurring revenue opportunities.
ChyronHego plans to expand its product offerings by developing new solutions aimed at enhancing live broadcasting capabilities. The company is targeting specific markets for geographical expansion, including Europe and Asia by 2024. The recent funding of USD 104. 10 mn will be utilized to support these product innovations and market entry strategies.
Additionally, Vector Capital has exited its stake in ChyronHego, with financial details of the deal undisclosed.
Current Investors
Apollo
Primary Industry
Media
Sub Industries
Education & Training Services, Analytics & Performance Software, Digital Media
Website
www.chyronhego.com
Verticals
Virtual Reality (VR)
Total Amount Raised
Subscriber access only
ChyronHego Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | ChyronHego Corporation | - | ||||||||
| Add-on | Completed | VidiGo BV | - | ||||||||
| Public to Private | Completed | ChyronHego Corporation | - | ||||||||
| Unspecified Exit | Completed | ChyronHego Corporation | - |
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