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Concurrent Buys Everstream for $15M

By Matt Stump -- Multichannel News, 8/19/2005 10:53:00 AM

Concurrent Computer Corp., already an investor in Everstream Holdings Inc., announced its intention to buy the data-analysis company for $15 million.

In the cable space, Everstream’s software analyzes operations and performance data for digital set-tops. Its “S4 DataSuite” allows for enterprisewide collection of data from hundreds of devices, servers and systems.

Concurrent will issue stock to Everstream stockholders equal to $14.5 million for the Everstream stock it doesn’t already own. Closing is expected to occur in October.

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