A local company has been acquired by a major new global media technology company in a $200 million dollar deal.

Backlight has acquired Celtx which was founded in St. John’s more than 20 years ago.

Celtx is the developer of an all-in-one workflow solution for scriptwriting, film project management and video game production.

The company is one of four acquired by Backlight, a global media technology holding company which is backed by PSG.

Celtx creates cloud-based software for the early stages of media production designed for collaborating, organizing and producing TV, film, commercials, documentaries, games and podcasts.

https://www.celtx.com/news/celtx-backlight-acquisition.html