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Pivot3 gets $14m infusion

October 30, 2013Martha Entwistle

AUSTIN, Texas—Pivot3's new $14 million credit facility will propel the storage provider's move into bigger deals that involve “thousands and thousands of cameras,” Olivier Thierry, Pivot3 CMO, told Security Systems News.The funds will “drive the channel partnerships” for those bigger deals, Thierry said, which in turn will create “sustained profitability [for the company], which is what we're really after.”Pivot3, which makes converged storage and compute...

converged storage, funding, InterWest Partners, mesirow financial capital partners, Olivier Thierry, Pivot3, Video Surveillance