{"id":761,"date":"2021-07-20T14:41:17","date_gmt":"2021-07-20T14:41:17","guid":{"rendered":"https:\/\/solutionsreview.com\/data-storage\/?p=761"},"modified":"2021-07-20T18:41:43","modified_gmt":"2021-07-20T18:41:43","slug":"quantum-acquires-surveillance-portfolio-and-assets-from-pivot3","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/data-storage\/quantum-acquires-surveillance-portfolio-and-assets-from-pivot3\/","title":{"rendered":"Quantum Acquires Surveillance Portfolio and Assets from Pivot3"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-386\" src=\"https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital.jpg\" alt=\"Quantum Acquires Surveillance Portfolio and Assets from Pivot3\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital.jpg 800w, https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital-300x150.jpg 300w, https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital-768x384.jpg 768w, https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital-540x270.jpg 540w, https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital-162x81.jpg 162w, https:\/\/solutionsreview.com\/data-storage\/files\/2020\/03\/Quantum-Completes-Acquisition-of-ActiveScale-from-Western-Digital-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>Quantum Corporation <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/quantum-acquires-surveillance-portfolio-and-assets-from-pivot3-a-market-leader-in-hyperconverged-infrastructure-for-surveillance-workloads-301336339.html\" target=\"_blank\" rel=\"noopener nofollow\" class=\"external\"><span style=\"font-weight: 400\">recently announced<\/span><\/a><span style=\"font-weight: 400\"> an agreement to acquire the video surveillance portfolio and assets of <\/span><a href=\"https:\/\/pivot3.com\/\" target=\"_blank\" rel=\"noopener nofollow\" class=\"external\"><span style=\"font-weight: 400\">Pivot3.<\/span><\/a><span style=\"font-weight: 400\"> Pivot3 is a hyperconverged infrastructure and intelligent software solution provider for the security and surveillance markets. This acquisition brings a diverse portfolio of video surveillance appliances, network video recorders (NVRs), and management applications along with a scale-out hyperconverged software platform, which will all be offered under the Quantum VS-Series product portfolio. Together with Quantum\u2019s current line of NVR servers, the StorNext File System, and ActiveScale object storage, the Pivot3 additions round out a comprehensive surveillance and security portfolio, spanning small to multi-petabyte deployments.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"box box3\"><span style=\"color: #333333\">Our <\/span><\/span><span style=\"text-decoration: underline\"><a href=\"https:\/\/solutionsreview.com\/data-storage\/data-storage-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><b><i>Buyer\u2019s Guide for Data Storage<\/i><\/b><\/a><\/span><span style=\"font-weight: 400\"><span style=\"color: #333333\"> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/span><\/div><\/span><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.quantum.com\/en\/\" target=\"_blank\" rel=\"noopener nofollow\" class=\"external\"><span style=\"font-weight: 400\">Quantum <\/span><\/a><span style=\"font-weight: 400\">helps users capture, create, and share digital content, while also preserving and protecting it. The vendor\u2019s solutions are built for every stage of the data lifecycle and deliver fast performance for high-resolution video, images, and industrial IoT. Quantum<\/span> <span style=\"text-decoration: underline\"><a href=\"https:\/\/solutionsreview.com\/data-storage\/quantum-completes-acquisition-of-activescale-from-western-digital\/\" target=\"_blank\" rel=\"noopener\"><b>completed its acquisition<\/b><\/a><\/span><span style=\"font-weight: 400\"> of the ActiveScale object storage organization from Western Digital Technologies, Inc., a subsidiary of Western Digital Corporation in March of 2020. This acquisition furthered Quantum\u2019s role in storing and managing video and other unstructured data through a software-designed approach.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Highlights of the acquisition include:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The transaction purchase price totals approximately $8.9 million in cash and stock.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The acquisition is projected to be slightly accretive to EBITDA through the remainder of Fiscal 2022.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">This transaction expands the video surveillance portfolio with hardware and software offerings that will be offered under the Quantum VS-Series portfolio.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Brings core intellectual property around distributed storage, data placement, erasure coding, and storage quality of service.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The acquisition expands the global customer base with over 500 new surveillance customers with some of the most demanding mission-critical deployments in the world, including airports, mass transit, casinos, education, and smart cities.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Adds key employees to engineering, product, and sales organizations with deep expertise in video surveillance solutions.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In a press statement, Jamie Lerner, Chairman and CEO of Quantum, said, \u201csurveillance cameras are the biggest data generator on the planet, and Pivot3 has established themselves as one of the leaders in this space by pioneering the use of hyperconverged software for surveillance recording. This acquisition represents another key step in Quantum\u2019s transformation, solidifying the company as a serious player in the multi-billion dollar video surveillance market, expanding our global customer base, sales channels, and technical expertise specific to this industry.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To learn more about Quantum, <\/span><a href=\"https:\/\/solutionsreview.com\/data-storage\/quantum-launches-activescale-6-0-and-new-object-storage-platform\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">click here.<\/span><\/a><\/p>\n<p style=\"text-align: justify\"><div class=\"hr hr\"><\/div><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"speedbump-3\" href=\"https:\/\/solutionsreview.com\/data-storage\/data-storage-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"Data Storage Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/data-storage\/files\/2019\/07\/data-storage-speedbump.jpg\" alt=\"Download Link to Data Storage Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantum Corporation recently announced an agreement to acquire the video surveillance portfolio and assets of Pivot3. Pivot3 is a hyperconverged infrastructure and intelligent software solution provider for the security and surveillance markets. This acquisition brings a diverse portfolio of video surveillance appliances, network video recorders (NVRs), and management applications along with a scale-out hyperconverged software [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[211,22,166],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quantum Acquires Surveillance Portfolio and Assets from Pivot3<\/title>\n<meta name=\"description\" content=\"Quantum Corporation recently announced an agreement to acquire the video surveillance portfolio and assets of Pivot3.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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