Florintree, a growth-stage private equity firm, has acquired a substantial stake in Videonetics, a globally renowned video computing platform company headquartered in Kolkata, India. This transaction allowed financial investors GenNext Ventures Fund and a US-based global investor to exit their investments.
Founded in 2008 by the esteemed scientist and inventor Dr. Tinku Acharya, Videonetics consistently ranks as the #1 Video Management Software provider in India and among the top 5 in Asia (OMDIA Informa Tech 2021). The company recently expanded its operations to Singapore to serve the Southeast Asian markets and is aiming to establish a global presence. Videonetics is dedicated to innovation and aims to enhance safety, intelligence, and happiness worldwide.
Dr Tinku Acharya, Fellow IEEE, Chairman & Managing Director, Videonetics said, “I am very excited to partner with Florintree. Videonetics had achieved a great milestone by taking a leadership position in India. Videonetics is poised to become a dominant player in the global arena and add significant value to the marketplace. Moreover, our innovations in AI-enabled video computing technologies will continue, and I am confident that they will scale to newer heights.”
Mathew Cyriac, Executive Chairman of Florintree Advisors, said, that Videonetics is amongst the few Indian companies with a core DNA of R&D and innovation, having created significant IP in its domain. We are very excited to partner with Videonetics and Dr. Acharya as they take the “Made In India” Video Computing platform to the global stage.
