HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK publicly traded company on the London Stock Exchange. Lightstream is a US-based tech company that builds a cloud-native live video platform, broadcast software and creator tools with specialization in the video game live streaming industry. The purchase price was paid part in cash and part in public company stock.
Lightstream’s founders and team will be joining Creative Solutions and there will be no immediate changes to the pricing or structure of any of their current offerings. Creative Solutions will begin developing organic integrations of Lightstream's cloud-first approach with Creative Solutions' traditional live streaming hardware technologies.
“We couldn’t be more excited to join such respected brands and a talented group of people just as driven by the power of storytelling," said Stu Grubbs.
Lightstream was represented by HMB’s Mergers & Acquisitions Team, led by Corporate Partners James L. Jerue, Kate Kanabay, Renee A. Rossi and Corporate Associate Payal J. Patel.
Watch the announcement video here.
Learn more about HMB’s Mergers & Acquisitions practice here.