Concurrent Stockholders Approved Proposal to Sell Content Delivery and Storage Business to Vecima Networks
Transaction to close by end of year
This is a Press Release edited by StorageNewsletter.com on December 14, 2017 at 2:26 pmThe stockholders of Concurrent Computer Corporation, in storage, protection, transformation, and delivery of visual media assets, have approved all proposals presented at a special meeting of its stockholders held on December 13, 2017.
The proposals related to the sale of Concurrent’s content delivery and storage business to Vecima Networks Inc.
Derek Elder, president and CEO, Concurrent, commented, “The board of directors and our management team appreciate the overwhelming support of our proposals from Concurrent’s stockholders. We expect to close the announced transaction with Vecima Networks by the end of the calendar year. The investment committee established by the board of directors will continue to evaluate options to maximize the value of the company’s remaining assets after the close of the sale to Vecima.”
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Concurrent Computer to Sell Content Delivery and Storage Business to Vecima Networks
For $29 million
2017.10.17 | Press Release
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