Concurrent Closes European Operations Portion of Real-Time Business Segment Sale

Concurrent Computer Corporation, in storage, protection, transformation, and delivery of visual assets, closed on the European operations portion of its Real-Time business segment sale to technology-focused investment firm Battery Ventures.

The completion of the sale followed approval of the transaction by the French Ministry of the Economy.

Concurrent received the $2.8 million that was being held pending approval from the French Ministry of the Economy and was part of the transaction’s total gross proceeds of $35 million.