St. John’s-based Celtx, which makes scriptwriting and project management software for the film and video game industries, has been acquired by media holding company Backlight in a buyout funded by growth equity firm PSG.
The deal is part of a quintet of acquisitions that mark Backlight’s first investments. Based in the Boston area, Backlight said in a press release it is backed by US$200 million (C$253 million) in funding from PSG, but did not specify how much it was spending on each of the five companies.
Founded in 2000, Celtx makes software for writers and creatives working on scripted