Control4 Stock Surges After Buying Networking, Cloud Management Company Pakedge
Control4 acquired networking and cloud network-management company Pakedge Device & Software for about $32.7 million cash, the company confirmed Thursday. The next day, Control4 shares closed 22 percent higher at $8.08. “As more and more devices are connected in the…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
home, and as streaming services become more prevalent -- especially high-definition streaming services and video over IP -- the demand on the network becomes exponentially greater,” said Jeff Dungan, Control4 senior vice president-supply chain and business development, in a pre-briefing to us.