SAN JOSE, CA — Quantum (www.quantum.com) has acquired Square Box Systems Ltd., a specialist in data cataloging, 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. The acquisition will strengthen Quantum’s ability to provide software solutions to help companies unlock the business value contained in their data, both on-premises and in the cloud.
Square Box Systems’ flagship product is CatDV, a media management and workflow automation software platform that helps organizations with large volumes of media and metadata to organize, communicate and collaborate more effectively. CatDV leverages artificial intelligence and machine learning technology to make it easier for businesses of any size to catalogue and analyze 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.”
Headquartered in the United Kingdom, Square Box Systems grew by more than 20 percent in the last year and has over 1,500 commercial software deployments and tens of thousands of individual users worldwide.
“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.”
“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,” adds Dave Clack, former CEO of Square Box Systems and general manager, cloud software and analytics at Quantum. “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.”