QEOS leaps forward with US$40mil Silicon Valley acquisition
US$forty million era acquisition to plug hole in QEOS’ portfolio in wireline and wireless space Centric team may be absorbed into QEOS, Laskar to be department CEO with Walter as group CEO Quantum Electro Opto Systems Sdn Bhd (QEOS) has obtained Silicon Valley-primarily based Centric Technologies LLC's Intellectual Property (IP) property and those in a US$forty million (RM129 million) deal that pronounces its worldwide goals. [Correction: QEOS is acquiring the IP and talent of Centric Technologies. An earlier version had incorrectly stated it was acquiring the entire company.] QEOS is a Malaysia-primarily based issuer of high-speed, low-power connectivity and shrewd video security solutions. According to Dr Gabriel Walter (%) , chief govt officer (CEO) of QEOS, the acquisition is potentially worth up to US$forty million based on Centric hitting certain milestones. “These milestones are conservative revenue, profit and time-based totally milestones spread over nearly six...