Sohonet secures Growth Funding
As long time trailblazers at the forefront of connectivity and data management for the Media and Entertainment sector, Sohonet’s customers, from the big studios to post-production houses and VFX shops, have counted on them for over 20 years to knowledgeably provide creative technological solutions to fit their individual needs. Sohonet has stuck to its three core principles of value, scalability of solutions and performance (both in terms of the speed with which they can transfer mega-size media files and the security of those transfers provided by their private networks) right from inception in 1995. Adherence to these core principles has ensured continual strong growth in customer demand which in turn has ensured continual growth of the business.
Sohonet has an enviable client roster within the media and entertainment industries, including 7 of the 8 largest movie studios worldwide, in addition to the majority of major production studios, post production houses and visual effects companies.
HMT provided debt advisory services to Sohonet securing a multi-million pound term debt from Clydesdale and Yorkshire Bank’s Growth Finance. The new funding will be utilised to accelerate Sohonet’s growth ambitions.
Rupert Mussen, CFO at Sohonet commented:
“HMT took the time to understand Sohonet’s products and proposition. With their expertise and professionalism, they gave invaluable support and guidance which enabled Sohonet to obtain the correct financing package for executing its next growth phase.”
Adrian Howells at HMT commented:
“It has been a pleasure helping a company as energetic and ambitious as Sohonet secure debt funding to support their continued growth ambitions. This is the second time we have worked with FPE Capital recently and we are pleased to have delivered a knowledge-based and commercial solution for them again.”