Exacq Technologies, one of the developers of video management systems used for security and surveillance purposes was sold out for $150 million to Tyco International early last week. Switzerland based Tyco International Company, which offers services related to security and fire, feels that the new addition to its company will boots its security products business … More Exacq Technologies sold out for $150 million to Tyco International
Western Digital, a globally renowned HDD maker has finally acquired STEC ( now known as sTec) for $340 million. The struggling SSD vendor was purchased for the said amount, after 90% of shares were purchased by WD on last Friday- June 21, 2013. As per the latest press release, HGST, a subsidiary of WD has … More STEC sold out to Western Digital is confirmed!
French Government financial status fell into jeopardy, when one of the storage servers in its data center failed for almost 43 minutes, thus, pushing the government into temporary monetary losses. The glitch in the server was restored after 4 days and this accounted to the loss of revenue to the government’s treasury. According to a … More Storage Server failure pushes French government into financial losses
Increasing number of security concerns are paving way to the growth of video surveillance market on a global note these days. And due to increase in number of benefits in terms of security and video storage capacity, the market for Video Surveillance-as-a-service (VSaaS) is expected to grow at a CAGR of 28.1% in between 2012-2016. … More Video Surveillance as a service market to grow in 2012-2016
Google, the young player in enterprise cloud storage game will now on support the feature of sending terabytes of data upload to its cloud via offline disk drive import. For all those Google Cloud patrons, who are struggling to move terabytes of data to cloud due to bandwidth issues, will get a sigh of relief … More Google Cloud storage now supports offline disk drive import
Global Video Surveillance market is said to reach the mark of $23 billion by 2017 and this was confirmed in the market research conducted by IHS. As per the new report released by the market research firm, the global market for video surveillance equipment is expected to grow by 80% in coming five years. It … More Global Video Surveillance market will reach $23 billion in 2017