Concurrent Selling Content Delivery & Storage Unit in $29 Million Deal to Vecima Networks
Concurrent agreed to sell its Content Delivery & Storage business to network technology manufacturer Vecima Networks "for a base purchase price of $29 million, subject to adjustment for normalized net working capital," the VOD and streaming gear maker said Monday.…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
"Rapid growth in IPTV delivery across both MVPD private" content delivery networks and over-the-top "providers will continue to accelerate," said Vecima CEO Sumit Kumar.