On April 21, 2021, Dejero announced a $60 million minority recapitalization of the business, led by Vertu Capital. Vertu partnered with Ubicom Ventures Ltd., a special purpose investment entity in partnership with Dejero management, to complete the transaction and pave the way for accelerating the company's growth.
Privately-held Dejero, an innovator in resilient connectivity for critical communications, is headquartered in Waterloo, Ontario, one of Canada's top tech hubs, with offices in the US and UK, and a global distribution network. The company's live video and real-time data transmission solutions are used by leading broadcasters, production companies, public safety and government agencies, along with enterprise customers around the globe who need uninterrupted connectivity for their critical applications.
Vertu Capital is a private equity firm that invests in high potential Canadian headquartered technology companies. Dejero will be the first investment in Vertu's inaugural fund, Vertu Partners Fund I. Ubicom Ventures is a special purpose investment fund created with the sole purpose of participating in the recapitalization of Dejero.
Gowling WLG advised Dejero in this transaction with a team led by Todd Bissett and Stephanie Hayes, with support from Wendy Wagner (privacy) and Marco Wai and Emily Dies (corporate).