Tenzing has made an investment in ScreenCloud

ScreenCloud

Founded in 2015, ScreenCloud is a leading provider of digital signage software solutions helping global organizations of all sizes have “screens that communicate” with employees and customers. The company has shown impressive growth, with annual recurring revenue growing by 30% CAGR in recent years. ScreenCloud has a highly satisfied customer base of over 10,000 organizations, high customer retention and a 89% CSAT score. The employee base has grown organically to over 120 people with offices in London, Charlotte, Belfast and Bangkok; the latter of which is a c.50-strong team focused on developing and maintaining ScreenCloud’s market-leading product.

The Deal

With Tenzing’s backing, ScreenCloud is expected to enter the next wave of profitable growth. Tenzing will invest in sales and marketing to target customer segments where ScreenCloud has a clear “right to win.” It will also invest in the product suite to ensure it is on the forefront of leveraging AI, all whilst continuing to deepen the company’s global footprint, both organically and through selective mergers and acquisitions. To support this next stage of profitable growth, ScreenCloud will be supported by various members of the Tenzing Growth Team, including a dedicated Acquisitions Director. Lincoln International acted as the exclusive buy-side financial advisor to Tenzing, leveraging its extensive global presence and deep sector insights within the digital signage and employee collaboration software sectors.

Our Perspective

Lalit Kasat and Mark Yurko, Lincoln International Managing Directors in London and New York office respectively, commented, “It was a pleasure to support the Tenzing team on this important transaction. Mark McDermott and the ScreenCloud team have built a truly impressive global digital signage software business which is well-positioned to further build on its success through incremental investment in sales, marketing and products, further driving ScreenCloud’s global growth ambitions including ongoing expansion in the U.S. and the UK.”

Tenzing

Tenzing is a growth equity investor specializing in tech and tech-enabled businesses in the UK and Europe. It helps entrepreneurs realize the value in their business and companies to grow. ScreenCloud is the fourth investment within Tenzing’s £900m Fund III, which closed in 2024, and is one of twenty high-growth tech and tech-enabled businesses within the Tenzing portfolio.

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