MARKET MOVEMENT
Quantum acquires Square Box Systems to help businesses get more value from unstructured data
Quantum has announced it has acquired Square Box Systems , 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 . This 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 , an agile 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 leverages Artificial Intelligence and Machine Learning technology to make it easier for businesses of any size to catalogue and analyse digital assets such as video , images , audio files , PDFs and more ; 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 ,” said 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 .”
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Barracuda acquires Fyde , a Zero Trust Network Access innovator
Barracuda , a trusted partner and a leading provider of cloud-enabled security solutions , has announced it has acquired Fyde , a Zero Trust Network Access ( ZTNA ) provider based in Palo Alto , California and Porto , Portugal to expand the Barracuda CloudGen SASE platform with ZTNA capabilities . The Fyde solution
BJ Jenkins , President and CEO at Barracuda is available immediately as Barracuda CloudGen Access to businesses of all sizes . It will be available in the coming weeks for managed service providers .
Fyde ’ s innovative Zero Trust solution enables secure , reliable and fast access to cloud or on-premises applications and workloads from any device and location . Fyde ’ s ZTNA solution addresses the security risks associated with traditional remote access by continuously verifying that only the right person , with the right device and the right permissions can access company resources . The solution is ideal to connect users directly to cloud-native and legacy corporate applications deployed in hybrid and multi-cloud environments .
“ Remote work is here to stay , cloud migrations are accelerating and traditional corporate perimeters have disappeared ,” said BJ Jenkins , President and CEO at Barracuda . “ Fyde offers a powerful ZTNA solution that works on any infrastructure , any device and with any application on a corporate network . With this acquisition , Barracuda is providing distributed businesses a new way to modernise remote access , enforce global security and access policies and achieve seamless connectivity without compromising productivity .” •
INTELLIGENT TECH CHANNELS
INTELLIGENT TECH CHANNELS Issue 36
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