STOCK TITAN

Quantum Appoints Ross Fujii as General Manager to Accelerate Software Distribution Model and Drive Growth in Emerging Markets

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Quantum Corporation (QMCO) announced the appointment of Ross Fujii as General Manager of Emerging Markets and Product Marketing, effective June 28, 2021. With significant experience in data management and software distribution, Fujii aims to transition Quantum from a hardware-centric model to a subscription-based service provider. His focus will be on expanding into emerging markets such as video surveillance and advanced driver-assistance systems (ADAS). CEO Jamie Lerner emphasized Fujii's role in the company's strategic shift towards digital transformation and data solutions.

Positive
  • Appointment of Ross Fujii expected to advance Quantum's transition to a subscription model.
  • Fujii's experience in software distribution and data management positions him well to drive growth.
Negative
  • Shift from hardware to software models may involve risks related to execution and market acceptance.

SAN JOSE, Calif., June 28, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced software veteran Ross Fujii will advance the company's transformation and growth strategy by stepping into a new role as General Manager of Emerging Markets and Product Marketing. Fujii's extensive experience in data management and analytics and creating and implementing modern software distribution models for Fortune 500 companies will further enable Quantum's business shift – from a hardware appliance vendor to a subscription and as-a-Service company that provides comprehensive data management and analysis solutions. Fujii will focus on growing Quantum's reach into emerging markets, primarily video surveillance and advanced driver-assistance systems (ADAS).

"When we were looking for the right person to fill this critical role, we knew that what we needed was not necessarily a storage expert, but a seasoned professional with demonstrated success in software distribution models, data analytics, cloud, and market expansion," said Jamie Lerner, CEO, Quantum. "Bringing Ross Fujii into our executive team demonstrates Quantum's commitment to becoming a best-in-class software company. We are quickly evolving into a company that enables organizations in digital transformation, not only in the markets we've traditionally served, but in markets that are just beginning to embrace the power of data and harness it to drive business forward."

Fujii has been instrumental in major global marketplace transformations throughout his career. Having held key leadership positions in both start-ups and large, established corporations, his breadth of experience is ideal for a company that is engaged to grow emerging markets.

"I'm excited to take on this challenge and utilize my experience in software, data management, and data analysis to guide my new team in providing the data solutions and buying models today's companies critically need to be competitive," said Fujii. "Quantum is already on a great trajectory; our demonstrated proficiency in orchestrating massive amounts of data for the media and entertainment industry is a unique differentiator as we apply our expertise to industries with similar data challenges."

Fujii most recently served as Vice President of Engineering and Alliances at SolarWinds, a leading IT management software company, where he was charged with providing enterprises with customer-centric, modern data management solutions. In addition, he previously served as Vice President of Management and Analytics Software for Seagate Technology, where he built a new software organization to support the company in its early evolution from appliances to cloud solutions. Prior to Seagate, Fujii held a variety of executive positions at networking giant Cisco, where he leveraged his expertise to drive the company forward and deliver solutions for cloud automation and providing software-as-a-service.

Additional resources
Learn more about Quantum solutions: https://www.quantum.com/en/solutions/  
Meet more of the Quantum executive team:  https://www.quantum.com/en/company/quantum-leadership/ 

About Quantum 
Quantum technology and services help customers capture, create and share digital content – and preserve and protect it for decades. With solutions built for every stage of the data lifecycle, Quantum's platforms provide the fastest performance for high-resolution video, images, and industrial IoT. That's why the world's leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers are making the world happier, safer, and smarter on Quantum. Quantum is listed on Nasdaq (QMCO) and was added to the Russell 2000® Index in 2020. For more information visit www.quantum.com

Quantum and the Quantum logo are registered trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners. 

Forward-Looking Statements 
This press release contains "forward-looking" statements. Quantum advises caution in reliance on forward-looking statements. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Quantum Corporation and its consolidated subsidiaries ("Quantum") may differ materially from those expressed or implied by such forward-looking statements and assumptions, such as the new General Manager appointment further enabling Quantum's business shift. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the impact of Covid-19 on our business and other risks that are described in the "Risk Factors" in Quantum's filings with the Securities and Exchange Commission, including its Form 10-K filed with the Securities and Exchange Committee on May 26, 2021. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. 

Media contact:
Kerry Quintiliani
Red Lorry Yellow Lorry
quantum@rlyl.com     
t +1 310 773 3763

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-appoints-ross-fujii-as-general-manager-to-accelerate-software-distribution-model-and-drive-growth-in-emerging-markets-301321234.html

SOURCE Quantum Corp.

FAQ

What is the significance of Ross Fujii's appointment at Quantum Corporation?

Ross Fujii's appointment as General Manager is intended to accelerate Quantum's shift towards a subscription-based software model, focusing on emerging markets.

Which markets will Quantum focus on under Ross Fujii's leadership?

Quantum will primarily target emerging markets like video surveillance and advanced driver-assistance systems (ADAS) under Fujii's leadership.

How will Ross Fujii's experience benefit Quantum Corporation?

Fujii's extensive background in data management and software distribution aims to enhance Quantum's capabilities in providing comprehensive data solutions.

What are the potential risks associated with Quantum's transition to a software-centric model?

The transition may involve execution risks and uncertainties regarding market acceptance of the new subscription-based services.

When was Ross Fujii appointed at Quantum Corporation?

Ross Fujii was appointed on June 28, 2021.

Quantum Corporation

NASDAQ:QMCO

QMCO Rankings

QMCO Latest News

QMCO Stock Data

15.55M
4.79M
13.74%
49.92%
4.55%
Computer Hardware
Computer Storage Devices
Link
United States of America
SAN JOSE