LOS ANGELES--(EON: Enhanced Online News)--Maple Media, led by Los Angeles-based entrepreneurs Michael Ritter and Clark Landry, today announced it has raised $30 million from Shamrock Capital. Maple Media is a mobile media, advertising and technology company which acquires, manages and operates mobile applications in the utility, productivity, games and entertainment verticals.
“Michael and Clark are well known, highly respected managers with the perfect skill sets and backgrounds to address this opportunity”
Ritter was a founding employee at Jam City (formerly SGN Games) where he served as the SVP of Business & Corporate Development and helped transform the business into a top global gaming studio . While at Jam City, Ritter spearheaded numerous M&A transactions, negotiated contracts with some of the largest mobile gaming companies in the world, including Netmarble and Netease, and developed the company’s mobile monetization and advertising strategies.
Landry was an early investor in advertising technology companies Traffic Marketplace (acquired by Vivendi), Adconion Media Group (acquired by SingTel), and TheTradeDesk (NASDAQ: TTD), along with mobile gaming company, Scopely, and over 90 other companies. He was a co-founder of several companies including Shift (acquired by Brand Networks), TagWorld (acquired by Vivendi), and Minds & Machines (AIM: MMX.L).
“We have found that many app developers want to focus on what they are good at and love to do -- creating great apps for mobile users. Focusing on the day to day management and monetization of apps is a different skill set and is a full-time effort,” said Michael Ritter, Founder and CEO of Maple Media. “We felt that Shamrock Capital was an ideal partner for us in executing on our plan. They shared our vision for this opportunity and have an unparalleled reputation as dynamic, high integrity investors in the media and entertainment industries.”
“Michael and Clark are well known, highly respected managers with the perfect skill sets and backgrounds to address this opportunity,” said Alan Resnikoff, Partner at Shamrock Capital. “We could not be more excited to partner with them.”
Maple Media currently manages over 150 apps with several billion monthly mobile ad impressions. The company is building a large mobile user base through acquisitions and partnerships with leading mobile properties.
Maple Media is the most recent investment in Shamrock’s latest fund, Shamrock Capital Growth Fund IV, a $700 million private equity fund which held a final close in February of 2016, focused on providing buyout and growth capital investments in companies within the media, entertainment and communications industries.
About Maple Media
Based in Los Angeles, Maple Media is run by Michael Ritter, a founding employee and former SVP of Business & Corporate Development at SGN/Jam City, and Clark Landry, co-founder of Shift and an investor in 90+ companies including TheTradeDesk and Scopely. Maple Media is a mobile media, advertising and technology company that acquires, manages and operates mobile applications focused on the utility, productivity, games and entertainment verticals. Maple Media is backed by leading private equity firm Shamrock Capital.
About Shamrock Capital
Shamrock Capital is a Los Angeles-based alternative investment firm with approximately $1.8 billion of assets under management investing exclusively in the media, entertainment, and communications sectors. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. Shamrock’s current investments include Maple Media, Appetize, Consilio, FanDuel, Giant Creative/Strategy, Isolation Network, Mobilitie, Questex, Recorded Books, Screenvision Media, Silvergate Media and Wazee Digital. For more information, visit www.shamrockcap.com
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