Salt Lake City-based V3 Systems, a developer of desktop cloud management software, is being acquired by a Canadian company called Sphere 3D. Sphere 3D announced the acquisition of V3 Systems earlier this week. The deal was owrth $9.7M, split between $4.0M in cash plus 1,089,867 shares of Sphere 3D's stock. V3's appliance products are used for administrating local, cloud hosted, or hybrid virtual desktop deployments. V3 was led by Ric Lindstrom.
Top NewsFriday, February 14, 2014
V3 Systems Acquired By Sphere 3D For $9.7M