STRATACACHE has acquired Montréal-based X2O Media from Barco. X2O Media employs about 45 people and will continue to operate from Montréal, Canada.
After its acquisition in 2014, X2O became part of Barco’s Enterprise division, which focuses on solutions for meetings and control rooms. Over the years, X2O secured large clients, including John Deere, Verizon, Fox News and Accenture. According to the company, all customer agreements will continue to be managed by X2O to ensure consistent support and service for current customers.
“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, CEO of the STRATACACHE family of digital media/marketing technology companies, said.
“The decision to divest X2O Media comes after a careful evaluation of its profitability and growth opportunities,” Jan De Witte, Barco’s CEO, said. As digital signage is no longer a strategic focus for Barco, we are convinced that selling X2O to a major player like STRATACACHE will provide the company with the focus and contacts it needs to reach the next level of global scale and success.”
The sale will be closed at the end of March 2018.