RALEIGH – Brian Hamilton went from entrepreneur and executive to philanthropist in 2018 after selling his fintech firm Sageworks to private equity giant Accel-KKR. On Friday he disclosed his role as an investor, announcing that his firm – Brian Hamilton Management – has acquired a Canadian firm. And he plans to bring jobs to North Carolina.
Hamilton bought Frozen Mountain, which focuses on providing clients with streaming, video conferencing and interactive broadcasting solutions.
The amount of the deal was not disclosed, but Hamilton Management in the announcement said it “represents the largest known investment in a Canadian video conferencing or broadcasting company since the start of COVID.”
Frozen Mountain clients include some high-profile names:
- Match.com
- UPS
- WWE
- Bosch
- Philips
Hamilton said he plans to “rapidly expand” the 13-yer-old company, a point echoced by the firm’s cofounders Jerod and Anton Venema, the CEO and CTO respectively.
“We are thrilled with the investment from Brian Hamilton, an entrepreneur with proven experience in significantly scaling a technology company and guiding high-growth organizations,” CEO Venema said. “The partnership will allow Frozen Mountain to have an even bigger footprint in the real-time communication industry and to help more people connect to one another.”
Hamilton said the Frozen Mountain execs and team “are recognized global leaders in broadcasting and live video communications. We look forward to joining forces with Frozen Mountain to create reliable, high-quality live video products, rapidly expand the company, and
create jobs in both Canada and here, in North Carolina.”
