Private equity firm Insight Venture Partners has made “a major investment” in digital content distributor OverDrive, which the company will use to “provide additional resources” and “help fuel growth.” Insight managing director Larry Handen says in the announcement, “We are particularly excited about OverDrive’s strong growth, market leadership, and commitment to customers. Our investment coincides with the 20th consecutive quarter of continuous profitability. This is a tribute to the company’s management team.” With a capital base of $3 billion, Insight focuses on software, Internet and data services companies. OverDrive founder and CEO Steve Potash adds, “The combination of Insight’s focus […]
