Florintree, a private equity firm focusing on growth-stage investments, has acquired a substantial stake in Videonetics, a leading video computing platform company based in Kolkata, India.
This transaction resulted in an exit for the financial investors, GenNext Ventures Fund, and a US-based global investor.
Videonetics, established in 2008 by the globally recognized scientist and inventor Dr. Tinku Acharya, has consistently been ranked as the top Video Management Software provider in India and among the top 5 in Asia (OMDIA Informa Tech 2021). The company has recently expanded its operations to Singapore to serve the Southeast Asian markets and is making strides in other regions. The company’s mission is driven by a passion for innovation and a commitment to making the world safer, smarter, and happier.
Dr. Tinku Acharya, Fellow IEEE, Chairman & Managing Director of Videonetics expressed his excitement about partnering with Florintree. He stated that Videonetics has achieved a significant milestone by becoming a leader in India and is poised to become a dominant player globally. He also expressed confidence that their innovations in AI-enabled video computing technologies will continue to scale to new heights.
Mathew Cyriac, Executive Chairman of Florintree Advisors, expressed his excitement about partnering with Videonetics and Dr. Acharya. He praised Videonetics as one of the few Indian companies with a core DNA of R&D and innovation that has created significant IP in its domain. He looks forward to taking the “Made In India” Video Computing platform to the global stage.