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 Corporation (NASDAQ: QMCO) will host a Virtual Analyst Day on November 9, 2021, at 8:00 AM PT. The event, led by CEO Jamie Lerner and CFO Mike Dodson, will focus on Quantum's long-term strategy and transition to a software-oriented business model. Additionally, Eric Burgener from IDC will present insights on the industry. Attendees can access the live webcast on Quantum's investor relations page.
Quantum Corporation (NASDAQ: QMCO) has announced a partnership with IBM to develop the next generation of LTO technology. This collaboration aims to enhance LTO-10 tape drives and media, improving capacity and performance while accelerating time-to-market. The specific terms of the agreement remain confidential. CEO Jamie Lerner emphasized the importance of LTO technology, especially amid increasing data growth and ransomware threats. Quantum aims to solidify its position in the market by providing low-cost, ultra-secure data storage solutions.
Quantum Corporation (NASDAQ: QMCO) will release its financial results for the second fiscal quarter ending September 30, 2021, on November 3, 2021, after market close. The announcement includes a conference call at 5:00 p.m. ET, featuring CEO Jamie Lerner and CFO Mike Dodson. Analysts and investors can join by calling 1-866-424-3436 or via international number +1-201-689-8058, using passcode 13724393. A replay will be accessible for a week following the call. Quantum operates in data management and solutions, focusing on video and unstructured data enhancements.
Quantum Corporation (NASDAQ: QMCO) announced the launch of the Quantum CatDV 2021 Platform Update, featuring significant enhancements for agile content production teams. Key improvements include a new review and approval workflow, real-time messaging, and clip stacking meta-folders for better content organization. The update also integrates with Quantum's Collaborative Workflow Solution and NVIDIA GPU-based transcoding for optimized performance. Customers can deploy these solutions in the cloud or on-premises, with support for various media formats and faster file operations.
Quantum Corporation (NASDAQ: QMCO) has launched the Quantum Collaborative Workflow Solution, optimized for Adobe Premiere Pro users. This integrated system addresses remote editing challenges for creative teams, offering a high-performance shared environment combined with asset management through CatDV. The solution provides customizable archiving options, including Quantum Scalar Tape and ActiveScale, ensuring project protection and easy access to assets. Quantum's partnership with Adobe emphasizes the importance of seamless integration for enhanced productivity in creative workflows.
On Oct. 5, 2021, Quantum Corporation (QMCO) unveiled two innovations: ActiveScale Cold Storage and new Object Storage Services, designed for efficient data management. ActiveScale Cold Storage offers low-cost, durable, cloud-compatible storage for inactive data, reducing cold storage costs by 80%. These solutions aim to help organizations face the growing volume of cold data, with an expected 30% annual growth in enterprise storage needs. The products will be available in Q1 2022, enhancing customer control over data and promoting digital transformation.
Quantum Corporation (NASDAQ: QMCO) has appointed Emily White to its Board of Directors, enhancing its expertise in data management and analytics. White, currently at NIKE, brings substantial experience in enterprise data and analytics. Her role is critical as Quantum aims to expand its solutions portfolio and strengthen its software capabilities. The company positions itself to aid organizations in efficiently managing unstructured data, supporting its growth as a global company.
Quantum Corporation (NASDAQ: QMCO) announced the grant of 250,000 restricted stock units (RSUs) to John Hurley, the newly-appointed Chief Revenue Officer, under its 2021 Inducement Plan. This grant, effective September 1, 2021, is designed to attract talent and is compliant with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest over three years in installments of 34% after the first year and 33% in each of the following years, contingent upon Hurley's continued employment. Quantum aims to enhance data management solutions in various sectors, reinforcing its commitment to innovation.
Quantum Corporation (NASDAQ: QMCO) has announced a new end-to-end reference architecture aimed at enhancing Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) development. This architecture focuses on optimizing data acquisition, storage, and management, crucial for developing sophisticated autonomous vehicle software. The R6000, designed for high-speed data capture in rugged conditions, complements Quantum's award-winning StorNext™ File System, enabling efficient processing of terabytes of data. This innovation positions Quantum as a leader in supporting the growing needs of autonomous vehicle developers.
Quantum Corporation (NASDAQ: QMCO) has announced a definitive agreement to acquire the assets of EnCloudEn, a hyperconverged infrastructure software company. This acquisition aims to enhance Quantum's video surveillance portfolio by providing flexible, subscription-based software solutions compatible with various server hardware. Following the recent acquisition of Pivot3's surveillance business, Quantum intends to leverage EnCloudEn's technology to broaden its market reach, particularly in India and Asia. The deal is expected to close later this quarter, subject to customary conditions.
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