StorMagic Acquires SoleraTec

StorMagic Ltd. completed its asset purchase of SoleraTech LLC, a video and digital asset management software company.

The acquisition expands StorMagic’s offerings with ARQvault video surveillance and digital evidence management solutions, which use multiple tiers of storage, including the cloud. ARQvault is an active intelligent repository and allows customers to gather, store and find data forever – at half the cost of competing solutions. 
 
According to Gartner, edge, including hardware, software and services, will grow to a $450 billion market by 2025. Data at the edge is growing exponentially due to companies accelerating their digital transformation and IoT implementations which drive massive amounts of unstructured data like video, audio, images and sensor data. Vertical industries driving this growth include retail, energy, healthcare, manufacturing, and law enforcement, where large datasets typically require expensive storage systems and significant management resources. ARQvault allows customers to gather this data from anywhere, store it forever and find it fast – and save customers at least 50% on their total storage expenditures.
 
It stores data as objects on any type of storage including all-flash disk arrays, SAN, NAS, tape, optical or any public cloud and lowers the cost of storing data by at least 50% as compared to disk-only systems. All of the data stored are always available and can be quickly searched so customers can find any type of data fast, regardless of when it was written or where it currently resides.
 
“StorMagic continues to enhance its technology portfolio, execute upon its edge to core strategy and deliver the most comprehensive suite of products that can store, protect and use data with affordability in mind,” said Brian Grainger, CRO and member of the board of directors. “The SoleraTec asset purchase marks our second major expansion in 12 months. Now armed with virtual SAN, encryption key management and video solutions, StorMagic can truly deliver a forever data platform to address the needs of our edge customers.“
 
ARQvault solutions include:
ARQvault Video Surveillance is a video surveillance solution targeted at all edge use cases that provides video capture, secure tiered storage, intelligent search, and management. The solution consists of ARQvault and one module:
• VMS module integrates ARQvault with surveillance cameras and third-party analytics, including license plate recognition and facial recognition, as well as providing a massively scalable video wall.
• VMS Connectors module allows customers to connect to their existing Video Management System (VMS) and leverage the benefits of ARQvault for optimized, secure storage and intelligent, rich search.
 
ARQvault Digital Evidence Management is a solution developed for law enforcement, transportation and delivery services, warehouses, retail and commercial environments. The solution consists of ARQvault and one or more modules:
• File Ingest allows users to ingest any type of file into ARQvault, such as mugshot, fingerprint, 911 audio, images, and other evidentiary files with manual and automatic metadata collection.
• In-Car is designed for police, delivery, and transportation organizations to capture and store video from in-vehicle cameras along with GPS data, automatic triggering, and meta-tagging.
• Body Cam collects video captured from body-worn cameras and automatically downloads video when the device is docked.
• Interview Room is used in interrogation settings, or in any setting where in-room video and audio recording is desired, to easily record and store conversations with meta-tagging.
 
The ARQvault software solutions are available from company’s network of reseller partners. List price for a 4TB ARQvault Video Surveillance solution starts at $2,500. List price for a 4TB ARQvault Digital Evidence Management solution starts at $1,500.