Kaltura buys back 14.4 million shares from Goldman Sachs for $16.6 million
Kaltura announced it repurchased 14,443,739 shares of its common stock from affiliates of Goldman Sachs for an aggregate purchase price of approximately $16.6M. The transaction was executed at a 25% discount to the company's 30-day volume-weighted average price ending on market close on November 5. Hillel Moerman, partner at Goldman Sachs Growth stated: "We invested in Kaltura over nine years ago, when the company was generating around $50 million in annual revenue. Since then, Kaltura has significantly strengthened its product leadership, expanded into new and exciting markets, added many world-class customers, more than tripled its revenue, and achieved adjusted EBITDA profitability. After a long and successful partnership, and in line with our strategy to harvest investments, we have agreed with Kaltura on a repurchase of our shares. We are grateful for the collaboration over the years and wish the team continued success."
