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David Kirk makes $5m Viocorp investment

Former Fairfax boss David Kirk has made a $5m investment in video technology firm Viocorp through his newly created investment fund Bailador.

Kirk, who is also chairman of the Hoyts cinema group, is reported to have about $20m in the Bailador fund which will target small internet plays. Private equity investor Paul Wilson is also involved in the fund.

Kirk said: “This is Bailador’s first investment and it was important for us to get it right. We are very pleased to be investing alongside entrepreneurs who have created a great business. We are investing into a high growth market and with a company that has demonstrated product leadership and the ability to deliver world-class video content management and broadcast solutions. Viocorp has emerged as the industry leader in the Asia-Pacific region and we want to support the continued growth and consolidation of that position. We have followed the company for some time and Viocorp’s recent successes in providing an end-to-end enterprise level solution have convinced us now is the right time to invest.”

Viocorp secured a PR coup last year when it live streamed The Pope from The Vatican.

Viocorp CEO Ian Gardiner said: “We are delighted to have an investor that understands and supports the opportunity we have to grow our business as multi-platform video content management and broadcasting takes off. David and Paul’s industry insights and extensive networks will strengthen our company. We expect them to be active members of the board.”

Previous investors in Viocorp have included Peter Holmes a Court who put in $1m.

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