Pivot3 Sells Video Surveillance Business To Quantum

By Sean Patton, Published Jul 20, 2021, 09:20am EDT

After a quarter plus billion dollars spent, mass layoffs in 2020, Pivot3's video surveillance business has finally found a home, in publicly traded Quantum Corporation, who told IPVM that Pivot3 employees are 'thrilled' with the deal.

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In this report, based on an interview with Quantum's management, we analyze the acquisition and impact for Quantum/Pivot3.

Quantum **********

IPVM Image******* ** ****, ******* is******** ****** (****), *** ******* **** 800 *********. **** *** lead ***** ***** ******, *** ********** *** COO ** ****** **** 2016-2018. ******* ********* ******* solutions *** **** *****-***** storage ************, **** *******, media *********** ******* ******* farms, *** ***** ******* cloud *******.

******* ************ ******* ** its************ ******** ******, ***** allows *** **** ** be ***** **** ****** SSD ** ***-***** ******* devices ** ******* **** drive ********.

*******'* **** ****** ************** ********* ******* *** losses **** *** * previous *****:

IPVM Image

**** ** **** ****** due ** *** ***** increase ** *****-***** ****** competing **** *******'* ******* business ** **** ******** storage. ***** ******* ****** on-premise ***** ******** *** integration ** ****** ***** storage (***, *****, ******), this ***** ************* ******** the ******** ***** ***** are ************ * *********** portion ** *** *******.

Acquisition *******

******* ********"*** ***** ************ ********* and ****** ** ******", for $*.* ******* ** cash *** *****. ******* said **** *** *** the ******** ** *** resources ** ******, ********* 40+ *********, ***+ *********, video ************ ********, ********, and ****** ********. ******* said **** *** *** and ***** ******* *******' previous ********** ** ****** was ******** ** ********** the *********** *** "*** right ******."

**** ********* ******'* ****** revenue ** ** *** range ** **** ** millions ** *** ***** paid ** ********** **********.

******'* *****-********* ******* ******** and ******** *** *** listed ** **** ** Quantum's *********. ******* **** they **** ** ******* their ******* ****-***** *****-********* solutions **** ******'*, ********** with *******'* ***-**-*** ******* offering.

Home *** ********* *** *********

******* **** **** ****** employees ****** **** *** "thrilled" ** *** *** customers, ** **** **** "support **** ** **** or ******" **** **********. Both ********* *** ********* had **** ****** *** concern ****** *** ******* and *** ******* ********* challenges *** *** **** ambitious *** *** **** successful *******.

Pivot3 ** ********

****** *** ** ********* on *** *******, ****** linking ** *******'* ***** release. ****** *** *** respond ** ****'* ******* for *******.

"Sad *** *** ****** *** *** * **** ***"

******* **** ****** & Files ****** **:

**’* * *** *** for ****** *** *** a **** ***, ** its ******** *** ********** are ***** ***** ** board ** ******* *******. CEO **** ****** *** no ***** ****** *** final ***** ** **** he *** *** $*.** *** *** *** of **** ** **** ** * ****, poor ****** *** $*** million ** ******** ** capital *** ***** *******. Stover **** **** **** prior *** *** **** in **** ****, **** times ******* ******* ****.

******* *** *** **** Galloway *** **** *******, the ******* ***** ****** not **** ********. *** Bruce ***** ******* ** June.

*****, ** **********, *** expressed ***** ********** ** IPVM ********** *** ******** numerous ***** ****************************** *** ***** ******* was *** ***** ** their *********.

"Significant" ***** ************ ******** *********

******* **** **** **** accelerate *** ****** ** video ************, ** ** significantly ******* *** ************ offering, ************ ************ ******'* software-only ********* ** ***** hardware *********** ***** ******* was ********** ******* ** hardware-based *******:

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********, ******* **** **** grows ***** ****** *** distributor *******, ****** ***** they **** ****** **** IT-focused *******, ****** *** a ****** ************ ****** network.

Targeting *********** ****** ** ***** ************

******* **** **** *** not ********* "**********" ******, and ********** **** *** a "****-**** ****** *******", with "*********** ******" ** video ************, ************ ******* down-market *********.

**** ** * ****** in ******** **** ******, which *** * ***** of ***********, *************** ******* ****** *** executive ******-****, ******** ********* *******.

Future ************

******* ******** **** ******** to ******* ********* ** a *** **** ** their ******, ********* ********* with ************* *********. **** acquired * *********/******** ****** in ****:

Hardware ***** *******

******* **** **** ** not **** ***** *** hardware, *** ***** ***** chassis/hardware ********* *** ********* than ******'*, *** ******** is *** ****. **** reported **** **** ** reviewing *** ********* *** both ********* *** ********** options ** *** ******.

ISC **** *********

*******'* ***** ** *** West **** ** ******* its *********** ** ****** surveillance:

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*******

***** ************ ******* ** a ***** ******** *** it ***** *** ******* the ********* ** ****** or ****** ************. *******, ******* *** the ********* ** *** this ** * ****** business ****** ** ** not ****** ****** / this ******* ** *** market ** **** ** a ***** ******* ** the ***** ************ ********. And, ******-****, **** *** next ******, ** **** video ************ ***** ** the *****, *** **** will ** ******* ********* will ******** ** ***** these *****-** **-**** *******.

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Comments (1)

** * ****** ********, I'm *** ***** **** I'm ******* *** ***** the *********** **** **** and *** ** ****** account ***, ********** ***** I **** ****** ** them **** ****. *** only **** ***** *'* hearing **** ** **** it ****** **** ******* doesn't **** ** ******* Pivot3 **** ***** *** software/hardware.

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