A Dayton tech company is announcing a new strategic acquisition.
Stratacache has acquired Montréal-based X2O Media from Barco, the company said Thursday. Focused on digital consumer engagement and digital signs, the Dayton company said it sees “new growth opportunities” in the acquisition.
X2O was part of Barco’s Enterprise division, which focuses on products and services for meeting and control rooms. X2O drew customers such as John Deere, Verizon, Fox News and Accenture, Stratacache said in its announcement.
“All customer agreements will continue to be managed by X2O to ensure world class support and service for current customers,” the Dayton company said. “X2O Media employs about 45 people and will continue to operate from Montréal, Canada. The sale will be closed at the end of March 2018.”
“With the acquisition of X2O Media, we will expand our portfolio with a complete solution for dynamic content display based on real-time data, plus add great new tools in the E-learning and broadcast markets,” Chris Riegel, Stratacache chief executive, said in the statement.
Dirk Huelsermann, managing partner of Stratacache Capital, said the acquisition is a “perfect example of the aggressive long-term growth strategy of the Stratacache Group.”
Added Huelsermann: “Working actively on over 400 deals per year, we are at the forefront of a long-awaited industry consolidation. Our investment strategy is to help unlock the potential in emerging digital media companies to grow faster.”