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Follow on Google News | Axle AI Becomes the Leading Independent Software for Remote Media SearchMajor industry shift as longtime competitor Square Box Systems (CatDV) is acquired by Quantum.
By: Axle AI, Inc. In addition, axle ai's new SaaS pricing options, with bundles starting as low as $295 per month including HPE or Apple application server hardware, have brought on a new wave of adopters who are able to manage and search their high-resolution media via web browser for the first time. Cloud and hybrid cloud deployments of the software are also increasingly common, as the company's Linux VM (virtual machine) version can be run in a number of cloud and private network environments. Quantum's acquisition of Square Box is part of a larger M&A trend in the Future of Work space for media, where two significant deals – Smartsheet acquiring Brandfolder for $155m, and Apple acquiring Spanish video search company Vilynx for a rumored $50m – occurred earlier this quarter. Yet buttressed by its recent business successes, axle ai is committed to remaining independent. In recent months, axle ai has announced a series of key partnerships with publicly-held storage vendors including NetApp, Dropbox and Infortrend, and privately-held vendors such as Qumulo, Spectralogic, Symply, Galileo Digital ACNC, and mLogic. The company has also rolled out integrations with the three major video editing platforms – Adobe Premiere Pro, Avid Media Composer and Apple Final Cut Pro X. Put together, it's a formidable Future of Work ecosystem for the video industry. Industry analyst Larry Jordan said: "axle.ai made its initial mark by providing easy to use, extensible and shareable media asset management (MAM) software for media creators. But, as the acquisition by Quantum makes clear, the market is far bigger than just M&E. The world tells stories using pictures. Every company in every industry is shifting to visual communications using digital images. As the numbers of visual images we need to label, track and share explode, companies like axle.ai become even more valuable and necessary. More information at https://axle.ai. Read full press release at: http://www.pressreleasewire.in/ End
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