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Pivot3 gets $45 million

February 25, 2015Martha Entwistle

AUSTIN, Texas—Video analytics is an area of interest for video surveillance storage provider Pivot3, which received a $45 million equity and bank financing on Feb. 24.Most of the funding will be used for "market facing areas" to "drive the business and get it to profitability," Pivot3 CEO Ron Nash told Security Systems News. But, Pivot3 is also interested in video analytics. While major video analytics companies such as Object Video have been purchased, and other analytic companies have gone...

Argonaut Private Equity, George B. Kaiser, hyper-converged infrastructure, Pivot3, Ron Nash, Steve Mitchell