SAN JOSE, Calif. — Quantum Corp. (Nasdaq: QMCO) announces a definitive agreement to acquire the assets of EnCloudEn, an early stage hyperconverged infrastructure (HCI) software company.
Terms of the transaction have yet to be disclosed.
The agreement follows Quantum’s recent acquisition of the surveillance business assets of Pivot3, an early pioneer of hyperconverged infrastructure for video surveillance workloads. The EnCloudEn acquisition will enable Quantum to expand the addressable market for the company’s video surveillance portfolio, offering customers a solution using their server hardware of choice with a flexible subscription-based software model.
EnCloudEn’s approach to simplicity and automation integrates tightly with Quantum’s strategy to offer customers intuitive end-to-end solutions for the video data lifecycle, according to the announcement.
“The recent acquisition of Pivot3’s surveillance business assets brought a customer-proven solution, an established customer base, an established go-to-market, and an experienced team for the mission-critical video surveillance and physical security market,” says Jamie Lerner, chairman and CEO, Quantum.
Lerner continues, “The addition of EnCloudEn technology brings an open and flexible HCI software stack that strengthens our position in the video surveillance and physical security market. We can now extend HCI solutions to a broader set of customers, accelerate our development roadmap for HCI-based solutions and employ a subscription-based software purchasing model which is fast becoming the way businesses want to procure and manage their software investments.”
EnCloudEn was founded in 2015 and is headquartered in Bangalore, India. The company built an HCI software stack that is said to deliver software-defined compute, storage and networking in one virtualized platform. The solution is used by large banks, engineering companies and pharmaceutical industries in India.
The company’s hyperconverged platform allows surveillance customers to not just store video data, but run the VMS, access control, card readers, analytics and other HCI workloads on the same platform while bundling in the best enterprise data-center security features.
“When Quantum acquired the Pivot3 surveillance business assets, the acquisition expanded our ability to address physical security projects of every size and scope and manage the video surveillance data lifecycle from initial capture through expiration,” says Curt Wittich, vice president of sales, Strategic Markets, at Quantum. “This message has been resonating with customers and partners, and the EnCloudEn technology allows us to further expand on that strategy in every way.”
The asset acquisition is expected to close later this quarter and is subject to customary closing conditions.
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