Mr. Eric Speer of Wellington Financial reports

FILMTRACK RAISES $5 MILLION IN GROWTH CAPITAL FROM WELLINGTON FINANCIAL

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10-million (U.S.) in growth capital. The new investment comprises $5-million (U.S.) in venture debt financing from Clairvest Group Inc. joint venture Wellington Financial LP, a privately held specialty finance firm, and $5-million (U.S.) in debt financing from Silicon Valley Bank.

FilmTrack streamlines the complex intellectual property management life cycle with its flexible and powerful cloud-based platform. Its applications suite spans sales, finance and legal functions and is available from any connected computer or device. Many of the world's top media and entertainment companies, such as CBS, HBO, DreamWorks Animation, Endemol, National Geographic, eOne and Miramax, rely on FilmTrack to provide visibility and access to their valuable intellectual property.

FilmTrack chief executive officer Jason Kassin said: "This additional capital gives us the ability to increase our production innovation and support our expansion into new markets, both vertically and geographically. It also enables us to continue to acquire strategic technologies and services."

Eric Speer of Wellington Financial noted: "FilmTrack's impressive customer list demonstrates how important their cloud-based platform is in managing and monetizing intellectual property for many best-in-class companies around the world. Wellington's patient capital is the perfect fit for this high-growth story."

FilmTrack is backed by venture capital investors Insight Venture Partners and the Sandberg-Goldberg Trust.