October 21, 2016 11:37 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Quantum Corporation

Company Overview

Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific. The company offers StorNext 5 software and hardware that offer file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Xcellis product, which optimizes workflow and shared access by combining functions into a compact, space, and energy-saving solution; and Lattus Object Storage solutions that enable high volumes of data to be available to extract valuable information. It also offers Q-Cloud Archive services for various a...

224 Airport Parkway

Suite 300

San Jose, CA 95110

United States

Founded in 1980

1,200 Employees



Key Executives for Quantum Corporation

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $600.0K
Senior Vice President of Product Operations
Total Annual Compensation: $391.9K
Senior Vice President, General Counsel and Secretary
Age: 47
Total Annual Compensation: $320.6K
Senior Vice President of Product & Solutions Marketing
Age: 49
Total Annual Compensation: $289.6K
Vice President of Financial Planning & Analysis
Total Annual Compensation: $234.8K
Compensation as of Fiscal Year 2016.

Quantum Corporation Key Developments

Quantum Announces New Scalar Storage Platform

Quantum Corporation announced a new Scalar® storage platform optimized for storing and managing the ever-increasing volumes of unstructured data. The first new products based on this platform are the Scalar i6 and Scalar i3 tape libraries and the StorNext AEL6 purpose-built rich media archive appliance. The new Scalar platform is the latest addition to Quantum's multi-tier portfolio of workflow, hybrid flash, object-based, cloud and tape storage that enables customers to maximize the value of their data in the most efficient and cost-effective manner. Customers are contending with massive growth of unstructured data, including video and other rich media types: Media and entertainment companies transitioning to 4K workflows; Security and video surveillance deployments adding more high-definition cameras and sophisticated analytics; Cloud storage providers expanding their customer base. Tape can play a key role in addressing the challenges of unstructured data growth, providing data protection, active archive or long-term cold storage including protecting against ransomware with an offline copy. The new Scalar storage platform takes the benefits of tape to the next level. It offers best-in-class storage density twice that of earlier-generation rack-mounted libraries enabling organizations of all sizes to reduce their data center footprint and further reduce their storage costs. As an example, Scalar customers can vault tapes within a system to provide on-premise, monitored cold storage for less than $0.001 per GB, or $0.0014 per GB per month a fraction of the cost of public cloud storage. Other innovations contributing to the Scalar's efficiency include: 80 PLUS® certified power supplies, a unique feature of the Scalar platform, minimize power and cooling costs and reduce the impact of data centers on the environment Quantum's iLayer™ proactive diagnostics resolve issues before they affect operations, to maximize library uptime and minimize operational expenses; Embedded compute capabilities eliminate the need for external application servers; Policy-based data integrity checking with the ability to move data off suspect tapes and in-library active vaulting enable the storage of petabytes of data reliably and cost-effectively for years.

Quantum Corporation Announces Preliminary Earnings Results for the Second Quarter Ended September 30, 2016

Quantum Corporation announced preliminary earnings results for the second quarter ended September 30, 2016. For the period, the company currently expects total revenue of approximately $132 million to $134 million, up from $117 million in the fiscal second quarter 2016. Scale-out storage and related service revenue of at least $46 million, an increase of more than $16 million. To be breakeven on both a diluted GAAP and diluted non-GAAP basis, compared to a diluted GAAP net loss of $0.04 per share and a diluted non-GAAP net loss of $0.03 per share.

Quantum Corp. Provides Petascale Data Storage and Management for Major European Research Institutions

Quantum Corp. announced that two of Europe's premier research institutions are using the company's StorNext®workflow storage as the foundation for managing their growing data and enabling a range of scientific initiatives. GWDG deployed StorNext-powered disk and tape systems in a multi-tier solution to meet its performance and access requirements for 7PB of data. Separately, the Max Planck Institute for Chemistry also turned to Quantum for an end-to-end storage and archive solution that would support greater collaboration and continuous access to an ever-expanding volume of data.

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