Quantum obtains HCI pioneer Pivot3's Video Surveillance Tech

By VARINDIA - 2021-07-21

Quantum obtains HCI pioneer Pivot3's Video Surveillance Tech

Quantum announced an agreement to acquire the video surveillance portfolio and assets of Pivot3, a pioneer in hyperconverged infrastructure (HCI) and a leader in intelligent software solutions for the security and surveillance markets. The acquisition brings a diverse portfolio of video surveillance appliances, network video recorders (NVRs), and management applications along with a scale-out hyper converged software platform, which going forward will all be offered under the Quantum VS-Series product portfolio.

 

With the acquisition, valued at about $8 million in cash and stock, Quantum gets Pivot3 technology with a focus on storing and managing video surveillance data, as well as over 500 new surveillance customers, over 40 personnel and Pivot3’s erasure coding technology, said Curt Wittich, Vice President of Sales for Strategic Markets at San Jose, Calif.-based Quantum.

 

Pivot3 was an early pioneer of hyperconverged infrastructure technology for the video surveillance industry, said Eric Bassier, Senior Director of Product Marketing for Quantum.

 

As the unstructured data environment has grown, companies have more surveillance data than they can manage and need better ways to manage it to get value from the data.

 

The acquisition of the video surveillance business of Pivot3 is only the latest in a string of acquisitions Quantum has made to beef up its technology for this part of the IT business.


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