CHICAGO, April 27, 2021 /PRNewswire/ — Avathon Capital today announced the sale of Panopto, whose innovative technology powers the video libraries of universities around the globe as well as some of the world’s largest companies. Originally the product of a Carnegie Mellon research project, Panopto’s applicability and adoption have expanded considerably since its founding, supporting a wide range of use cases. The company’s product allows instructors to “flip the classroom” — recording their lecture for students to watch online before attending class, thereby using valuable classroom time for discussion as a means to improve the learner experience and ultimately drive better outcomes. The company was acquired by K1 Investment Management, a California-based firm focused on high-growth enterprise software companies.
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