Concurrent, a specialist in storage, protection, transformation and delivery of visual assets, has sold the European operations portion of its real-time business segment 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 USD2.8 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 USD35 million.
