Welcome to our dedicated page for Quantum Corporation news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum Corporation stock.
Quantum Corporation (QMCO) is a leading provider of innovative data storage and management solutions. Headquartered in the United States, Quantum specializes in scale-out storage, archive, and data protection services aimed at small businesses and large multinational enterprises alike. The company offers a unique approach to managing data throughout its entire lifecycle, from capture and sharing to long-term preservation.
Quantum's solutions are designed to handle large unstructured data sets and provide capabilities such as data ingestion, real-time collaboration, scalability, and robust protection. A significant portion of the company's revenue is derived from products based on tape technology, which remains a reliable and cost-effective medium for data storage.
One of the core strengths of Quantum is its scale-out portfolio, which allows businesses to manage digital assets efficiently and maximize their value. The company serves a global market, with the majority of its revenue generated in the Americas, followed by significant contributions from Europe and the Asia-Pacific region.
In recent developments, Quantum has made strides in enhancing its product offerings and expanding its market reach. The company has formed strategic partnerships and continues to innovate in the data management sector. Quantum's commitment to providing high-quality, reliable storage solutions has solidified its position as a trusted partner for businesses looking to protect and manage their data assets.
Quantum Corp. (NASDAQ: QMCO) has joined the DNA Data Storage Alliance, aiming to enhance the future of DNA data storage. This partnership supports the development of a commercial archival storage system, crucial for managing the escalating volumes of digital data. Quantum, renowned for its vast digital archives, believes DNA storage can provide a stable and durable format for data preservation, with estimates suggesting that by 2024, 30% of digital businesses will require DNA storage trials. The alliance seeks to promote awareness and adoption of this innovative technology.
Quantum Corporation (NASDAQ: QMCO) announced its participation at the 23rd Annual Needham Growth Conference on January 13-14, 2021. Both Jamie Lerner, Chairman and CEO, and Mike Dodson, CFO, will represent the company at this virtual event. Portfolio managers and analysts interested in meetings with management can contact conferences@needhamco.com. Quantum specializes in technology and services that help customers manage digital content, enhancing performance for sectors including entertainment and cloud services.
On January 4, 2021, Quantum Corp (NASDAQ: QMCO) announced Rick Valentine as Senior Vice President & Chief Customer Officer. Valentine, a customer experience veteran with over 35 years in technology, will enhance Quantum's support as it shifts towards an as-a-service model for unstructured data management. His experience includes a pivotal role in Silver Peak's customer success, leading to its $925 million acquisition by Hewlett Packard Enterprise in 2020. This move aligns with Quantum's goal to improve customer experiences amidst its transition to software-defined architectures.
Quantum Corp (NASDAQ: QMCO) has announced the appointment of Brian Pawlowski as Chief Development Officer, enhancing its leadership team to boost software-defined infrastructure and global growth. With over 35 years in tech, Pawlowski aims to drive software innovation and address customer needs, focusing on hybrid multi-cloud solutions. Quantum also established a new Cloud Software & Analytics unit led by Dave Clack, following its acquisition of Square Box Systems. Additionally, Jim Simon has been appointed to lead operations in Malaysia, aiming to strengthen Quantum's presence in the Asia Pacific region.
Quantum Corp (NASDAQ: QMCO) announced the acquisition of Square Box Systems Ltd, enhancing its data management portfolio. This acquisition brings CatDV, a media management platform that employs AI and ML for better digital asset organization. Square Box has seen over 20% growth in the past year with over 1,500 deployments globally. The deal is expected to be accretive to Quantum's business operations, offering new market opportunities, particularly for small media workgroups. Quantum aims to integrate CatDV with its existing solutions to better serve diverse customers.
Quantum Corp. (NASDAQ: QMCO) announced that its ActiveScale object storage platform now complies with Amazon S3's new strong consistency requirements. This update allows customers to ensure immediate data accessibility and integrity, a vital feature for applications demanding real-time data accuracy. ActiveScale's architecture is designed for high resiliency and durability, addressing massive unstructured data growth. The platform's enhancements focus on data security, capacity, efficiency, and performance, thus empowering customers to remain competitive in data management.
Quantum Corp. (NASDAQ: QMCO) announced enhancements to its ActiveScale platform aimed at improving data security, capacity efficiency, and overall performance. The upgrades include a new entry-level configuration starting at 432TB and the ActiveScale 5.7 Object Lock feature, which protects data from malicious acts. Improvements such as Small Object Aggregation are designed to enhance storage efficiency. Quantum aims to position itself as a leader in unstructured data management, catering to growing enterprise demand for scalable and secure object storage solutions.
On Nov. 17, 2020, Quantum Corp. (NASDAQ: QMCO) announced the launch of StorNext 7, featuring the new File System Pools to enhance data management across NVMe and HDD storage. This version aims to provide high-throughput and low-latency performance, particularly for video workflows. The user interface has been redesigned for ease of use, and a simplified capacity-based licensing model has been introduced. Key developments include new web services APIs and a focus on optimizing storage solutions to manage the growing data landscape efficiently.
Quantum Corp. (NASDAQ: QMCO) launched its new data management platform, All-Terrain File System (ATFS), on November 12, 2020. This innovative network-attached storage solution integrates real-time data classification for improved resource allocation and management in both local and cloud environments. ATFS addresses challenges such as ineffective data management and storage resource optimization, enhancing performance and reducing costs. It is available for order starting this December. The platform aims to streamline workflows in various sectors, including media, finance, and life sciences.
Quantum Corp. (NASDAQ: QMCO) announced the expansion of its solutions portfolio aimed at enhancing the management and protection of unstructured data. Key additions include the Quantum ATFS, a new file-based storage platform with integrated data classification; the latest version of Quantum StorNext® 7 File System, optimized for high-throughput workloads; and an expanded ActiveScale™ Object Storage offering. These solutions will be showcased during the upcoming VirtualQ I Transform events on November 17 and 19, reinforcing Quantum's commitment to delivering effective unstructured data solutions.
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