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
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
"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.