Quantum Corp has acquired Square Box Systems Ltd, a specialist in data cataloguing, user collaboration, and digital asset management software.
The acquisition builds on Quantum’s recently expanded portfolio that classifies, manages, and protects data across its lifecycle by adding technology advancements to further enrich video, digital images and other forms of unstructured data.
Square Box Systems’ flagship product is CatDV, a media management and workflow automation software platform that helps organisations with large volumes of media and metadata to organise, communicate and collaborate more effectively. CatDV uses artificial intelligence and machine learning technology to make it easier for businesses to catalogue and analyse digital assets; enable advanced search across local and cloud repositories; and provide access control across the full data lifecycle for secure sharing and data governance.
“There is huge untapped value contained in video, digital images, and other valuable file data,” says Jamie Lerner, President and CEO at Quantum. “This acquisition will not only help our customers make better business decisions based on their data, but it represents another key step in Quantum’s transformation by adding data enrichment technology to our portfolio. We are also adding a growing, profitable software business unit with strong gross margins that is in the late stages of transitioning to a cloud-based SaaS business.”
“As CatDV grows and becomes a bigger player across the industry, there’s more we want to do, building on CatDV’s success and taking it to a new level,” says Rolf Howarth, founder and CTO at Square Box Systems, now Principal Architect at Quantum. “I am very excited at the prospect of working with Quantum, taking CatDV into new markets and solving new business problems, at the same time as continuing to work with our existing customers and partners.”
Dave Clack, former CEO of Square Box Systems and General Manager, Cloud Software and Analytics at Quantum, adds: “Joining forces with Quantum makes CatDV much stronger: becoming part of a larger organization with its visionary leadership team, whilst gaining access to an amazing pool of talent, gives CatDV more opportunity to better serve our existing and future customers. The direction of both firms is already aligned; a clear focus on data management, orchestration at scale, cloud, and automation of service delivery, all unlocking amazing returns for our clients.”