Dallas Morning News: Plano’s Enseo Inc. sells majority stake to private equity firm, new CEO coming soon

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Dallas Morning News: Plano’s Enseo Inc. sells majority stake to private equity firm, new CEO coming soon

Founder Vanessa Ogle will move into a chairman role after a transition period.

A Plano-based hospitality tech company is selling a majority stake to a private equity firm that plans to accelerate the firm’s growth.

The investment in Enseo Inc., best known for delivering in-room entertainment to TVs in nearly 2,000 hotels in North America, comes after founder Vanessa Ogle pivoted last year to keep the company afloat after the COVID-19 pandemic closed down the hospitality industry for months. She expanded the company’s wheelhouse to include senior living, health care and higher education facilities.

Ogle, who started the company in 2000, will remain through a transition period and then become Enseo’s chairman. Enseo’s management team is expected to continue in their roles.

“H.I.G’s investment is a testament to Enseo’s unique capabilities, leading market position and substantial opportunity for growth,” Ogle said in a statement.

Read the full article at the Dallas Morning News