Quantum Corporation will acquire the video surveillance portfolio and assets of Pivot3, a provider of hyperconverged infrastructure (HCI) and intelligent software solutions for the security and surveillance markets.
Pivot3, a provider of intelligent infrastructure solutions, announced that its large-scale surveillance solution is the recipient of the 2019 Campus Safety Best Award, which recognizes the most innovative solutions designed to enhance security and safety in campus environments.
Pivot3, a provider of intelligent infrastructure solutions, experienced continued growth in Q1 2019 with enterprise and Fortune 1000 customers representing nearly 80 percent of bookings.
Pivot3, Austin, Tex., announced a $45 million equity and bank financing closing in February.
Argonaut Private Equity, Tulsa, Okla., a new investor in Pivot3, joined S3 Ventures, Austin, Tex., InterWest Partners, Menlo Park, Calif., Mesirow Financial Private Equity, Chicago, and the Wilson Sonsini Goodrich & Rosati investment fund, Palo Alto, Calif., in providing additional equity in the closing. As a part of this round, Steve Mitchell, managing director of Argonaut Private Equity, will join Pivot3’s board of directors.
