Quantum buys Meridian Data

Deal worth around $85 million

Storage company Quantum has bought Meridian Data in a share acquisition. The deal is worth around $85 million, based on yesterday's share price. Michael Brown, Quantum's CEO, said the acquisition helped address an important area of the market. Meridian produces workgroup level NAS (network attached storage) appliances, in particular the Snap!Server line of products. ®

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