WeVideo, a leading cloud-based and collaborative video creation platform, announced today that Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has acquired majority ownership in the company. WeVideo has experienced outstanding growth the last few years and this partnership tremendously enhances WeVideo’s ability to deliver on its vision of empowering everyone to impact their world through creative expression.
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WeVideo has an extensive feature set that provides an award-winning, cloud-based, collaborative video editing experience. With over 30 million users, WeVideo is the leading video editing platform for education, business and personal users. As a pioneer of collaborative video creation, WeVideo recently became the first tool to offer real-time collaboration where multiple creators can simultaneously collaborate on the same video in real-time. Now more than ever, WeVideo has become the platform of choice for both collaborative learning in education and workplace collaboration for businesses.
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Since the start of COVID-19 and the significant shift towards online remote workflows, WeVideo has experienced a surge in usage in Education and by Businesses. WeVideo’s adaptive and user-friendly interface appeals to and attracts a broad section of users with varying video creation skills.
With a library of over 1.4 million royalty-free media assets, special effects like green screen, high-quality motion titles, simultaneous webcam and screen recording and more, the possibilities are endless. Exclusive features like WeVideo JumpStart™ enable users to start editing high-quality videos without the painstaking wait for their media to finish uploading. This is especially important in a cloud-based collaborative environment when using 4K and higher-resolution videos.
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