[Stockholm 19th of March 2013] Swedia HighP AB, Swedia’s venture capital company, invests in FTrack AB. Swedia HighP has acquired shares corresponding to 22.2% of shares and capital in FTrack, and becomes the single largest shareholder. FTrack is offering production studios in the global entertainment industries an efficient system solution for project-, workflow- and asset management of complex production projects.
”FTrack has created a management tool that is easy to work with and will help studios to optimize and streamline their production, two elements that we believe will be key to their success. The FTrack team is very competent and have a combined experience of many years from visual effects, post production, game development and software development. Studios around the world need to increase productivity and we are convinced that the FTrack team and their tool can achieve this” says Staffan Persson, CEO Swedia HighP.
”FTrack is one of very few platforms available to manage complex Visual Effects productions in a rapidly growing global market for feature films and commercials. With the investment from Swedia HighP, who have a long experience from technology based growth companies, we get the possibility to grow our team, invest in our platform and strengthen our position in the global market” says Fredrik Limsäter, CEO FTrack.
FTrack has been used successfully in production since 2009 for both commercials and feature films. The company is privately held, owned in part by the developers. For further information, please visit www.ftrack.com.