Verimatrix has acquired Concurrent’s multi-screen video analytics business.
“The sale of our video analytics business to Verimatrix is consistent with our plan to simplify our operating model and sharpen our focus on strategic initiatives,” said Derek Elder, CEO of Concurrent. “We believe this will enable us to better serve new opportunities that take advantage of our core competencies in high performance Linux and storage.”
Verimatrix has acquired the intellectual property and commercial relationships associated with Concurrent’s video analytics business. They are also hiring members of Concurrent’s video analytics team in order to continue delivering uninterrupted services to existing customers.