a portfolio company of
has sold its video surveillance assets to
ABOUT THE COMPANY:
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OUTCOME:
The transaction successfully closed as a sale of substantially all of Pivot3’s assets to Quantum Corporation (“Quantum”) (Nasdaq: QMCO). The parties opted to effectuate the asset sale transaction inside an assignment for the benefit of creditors (ABC). Following transaction close, over 40 Pivot3 employees joined Quantum. “Pivot3’s innovative HCI technology, talented team and enterprise customer base represent a highly appealing package not otherwise available in the security video sector” said Nate McOmber, Director at G2 Capital Advisors. “This acquisition positions Quantum as a primary player in video surveillance.”
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