With sale, SteelCloud drifts away from hardware business
SteelCloud Inc. has completed the sale of its computer integration business to NCS Technologies Inc. and will now concentrate on developing software for BlackBerry products.
SteelCloud Inc. has completed the sale of its computer integration business to NCS Technologies Inc. and will now concentrate on software development for BlackBerry products.
Financial terms of the sale were not released.
SteelCloud’s transformation from a hardware manufacturer to a software development company is now complete, said Brian Hajost, president and chief executive officer of SteelCloud, in a statement.
The refocus is the culmination of a months-long top-to-bottom review of the company’s business strategy, he added.
“Concentrating our focus on our BlackBerry-related mobile infrastructure software and technology will simplify our organization and expense structure around the business affording the highest margins, faster growth and the highest market potential,” Hajost said.
With the completion of the sale, NCS is now responsible for SteelCloud’s integration customer base, inventory, operational staff, orders in progress and warranty responsibilities, according to the company’s statement.
In addition, the company announced July 15 that it has signed a contract with Dell Inc. to manufacture, deliver and support future versions of SteelWorks Mobile on a worldwide basis.
SteelCloud, of Herndon, Va., was founded in 1987 as a manufacturer and integrator of embedded computing system solutions for federal government contractors and independent software vendors.