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    Chesapeake Systems acquires StorExcel

    By SHOOTUpdated:No Comments1378 Views
    BALTIMORE --

    Chesapeake Systems has acquired StorExcel, a systems integrator serving the Rocky Mountain region and U.S. federal government. The acquisition joins the mutual strengths of the media technology providers, extending their ability to offer turnkey asset management solutions and support. The combination of companies expands Chesapeake System’s services in the media and entertainment and government markets.

    The union integrates StorExcel team members from bases in Colorado and Virginia with the existing Chesapeake teams (located in Baltimore, New York, Los Angeles, DC-metro), strengthening core competencies and service offerings. The two companies pride themselves on being consultative in nature and adding value to the highly complex decision-making process involved with asset management and media workflow design and implementation.

    “Chesapeake Systems and StorExcel have substantial synergies that make this acquisition a win-win for both companies and, importantly, will drive value to our partners and customers,” said Jason Paquin, CEO of Chesapeake Systems. “StorExcel brings a strong regional market presence to the fold at Chesapeake and builds on our services to the government sector.”

    StorExcel was founded in Denver, Colo., in 2013 by Lance Hukill, along with a core team of sales and technical experts. Embracing digital media technology from its inception, the company has grown to be an industry leader in media asset management and storage platform integration for postproduction, broadcast, sports, churches, and the U.S. government.

    Hukill, who now serves as VP of sales for Chesapeake, notes that the combined entity extends and scales the reputable expertise of both organizations. “This acquisition provides a huge opportunity for us to access new vertical and geographic markets, new products, and new offices while maintaining our core brand culture that our customers know and love.”

    Paquin added, “Together, we strengthen all cross functions of our teams from sales to solution architecture as well as support and delivery services. This is an exciting growth step for Chesapeake Systems, especially as we navigate the new future for our customers who are pivoting to accommodate a forever-changed business environment.”

    Tags:Chesapeake SystemsJason PaquinLance HukillStorExcel



    Supreme Court Allows Multibillion-Dollar Class Action Lawsuit To Proceed Against Meta

    Friday, November 22, 2024

    The Supreme Court is allowing a multibillion-dollar class action investors' lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.

    The justices heard arguments in November in Meta's bid to shut down the lawsuit. On Friday, they decided that they were wrong to take up the case in the first place.

    The high court dismissed the company's appeal, leaving in place an appellate ruling allowing the case to go forward.

    Investors allege that Meta did not fully disclose the risks that Facebook users' personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump 's first successful Republican presidential campaign in 2016.

    Inadequacy of the disclosures led to two significant price drops in the price of the company's shares in 2018, after the public learned about the extent of the privacy scandal, the investors say.

    Meta spokesman Andy Stone said the company was disappointed by the court's action. "The plaintiff's claims are baseless and we will continue to defend ourselves as this case is considered by the District Court," Stone said in an emailed statement.

    Meta already has paid a $5.1 billion fine and reached a $725 million privacy settlement with users.

    Cambridge Analytica had ties to Trump political strategist Steve Bannon. It had paid a Facebook app developer for access to the personal information of about 87 million Facebook users. That data was then used to target U.S. voters during the 2016 campaign.

    The lawsuit is one of two high court cases involving class-action lawsuits against tech companies. The justices also are wrestling with whether to shut down a class action against Nvidia.... Read More

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