Quantum has agreed to acquire Pivot3’s video surveillance portfolio and assets, which will be added to Quantum’s existing products and solutions as the company moves to solidify its position as a "serious player in the video surveillance market."
Quantum has agreed to acquire Pivot3’s video surveillance portfolio and assets, which will be added to Quantum’s existing products and solutions as the company moves to solidify its position as a "serious player in the video surveillance market."
The purchase price totals approximately US$8.9 million in cash and stock for the transaction, which is subject to customary closing conditions. The parties expect to close by July 22, Quantum said in a news release.
The announcement marked yet another acquisition deal amid the ongoing security market consolidation trend. In fact, this Quantum-Pivot3 deal sounds ee...
Product Adopted:Storage