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Baltimore-Based ABS Capital Partners Invests $12 Million in iZotope

09/04/2013
ABS Capital Partners, a Baltimore-based investment firm focused on late-stage companies in the education services, healthcare, media and communications and technology sectors, said that it has invested $12 million in Massachusetts-based audio technology company iZotope. The company said it will use the funds to develop new products, expand its markets and increase sales and marketing efforts. "With more resources, we'll be able to expand the reach of our current offerings and develop products to address new opportunities in ways we never imagined," said CEO Mark Ethier. iZotope's products include software tools for audio creation, repair, mixing and mastering. Laura Witt, a general partner at ABS, and Dean Goodermote, a former ABS portfolio company CEO, will join the company's board of directors.

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