Longtime Storage Leader Now at Forefront of New Era Where Sharing, Analyzing and Monetizing Data Throughout Its Lifecycle Is Critical to Business Success
SAN JOSE, Calif. -- June 1, 2015 -- Quantum Corp. (NYSE: QTM) today announced that Quantum President and CEO Jon Gacek and the Quantum executive team will celebrate the 35th anniversary of the company's founding and its longtime leadership in data storage by ringing the Closing Bell(R) at the New York Stock Exchange on Tuesday, June 2, 2015. Quantum is also marking this significant milestone by highlighting the company's central role in helping customers navigate a major shift in how data can be leveraged to drive business and mission value. This is evident in the results from Quantum's recently completed fiscal year, in which the company delivered its best year-over-year total revenue performance in eight years, driven largely by 74 percent annual growth in scale-out storage sales.
[To view Quantum ringing the NYSE Closing Bell(R): https://livestream.com/NYSE]
Strategic Value of Data
Tools for analyzing data more easily and affordably, as well as new opportunities for monetizing it, have transformed the way organizations view their data. Data is now a highly strategic asset, and the ability to extract more and more value from it -- both now and in the future -- has become critical to achieving business and mission objectives.
"Organizations are more focused than ever before on gaining insights and value from their data -- from broadcasters re-monetizing their content on mobile platforms to researchers developing new drugs based on high-powered genomic sequencing to consumer goods companies repurposing video content in social media channels," said Gacek.
New Storage Imperatives
With data having become so strategically valuable, organizations are recognizing that the underlying storage infrastructure is a vital determinant of their ability to leverage its full value and drive success. As data moves beyond immediate real-time processing, it must be retained and managed in a dynamic storage platform rather than a passive repository. In addition, this platform must:
* scale seamlessly to accommodate continued data growth;
* ensure data can be quickly and easily accessed whenever and wherever needed;
* provide flexibility to incorporate new technologies and ecosystem changes; and
* be highly cost-effective.
Quantum Storage for Demanding Workflows
Throughout its history, Quantum has focused on the long-term preservation, protection and management of data, and today the company's solutions play an essential role in enabling customers to maximize the value of their data over its entire lifecycle. This includes providing users and applications with the performance they need when they need it most and storing data in the most cost-effective way possible based on a tiered management approach encompassing disk, tape, object storage and the cloud.
Much of Quantum's solutions portfolio is based on its StorNext(R) scale-out storage technology. StorNext was originally designed for rigorous streaming applications such as satellite imagery analysis, where the scale of the data challenge and the strategic nature of the business applications proved too demanding for other storage providers. StorNext then became the go-to storage platform in media and entertainment (M&E), enabling users to process, access and manage digital assets in a high-performance, shared storage pool spanning multiple tiers.
Over the past year, Quantum has capitalized on the power of its latest generation StorNext 5 technology in addressing the most demanding workflow needs -- expanding its M&E leadership and extending its unique combination of high-performance, low-cost solutions to other markets and use cases such as:
* video surveillance, where municipalities are using data for both crime prevention and improving operational efficiency (e.g., logistics management at ports);
* network forensics, enabling more data to be retained for analysis in the event of a cybersecurity breach; and
* corporate video, where companies are looking for ways to store, manage and monetize their rapidly growing content.
"For 35 years we've focused on providing customers with best-of-breed technologies and solutions to meet their most challenging data storage needs," said Gacek. "That commitment continues today and has never been more important given the strategic value of data. As we look forward, we will go even further in delivering end-to-end solutions that not only provide high performance-low cost storage but also dynamically serve data to applications and users in a way that is optimized for their specific business or mission requirements."
* For more details on StorNext: www.quantum.com/products/scale-out-storage/index.aspx
* To see how customers are benefitting from Quantum's solutions: www.quantum.com/customerstories
Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can Be Certain(TM) they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost
Quantum, the Quantum logo, Be Certain and StorNext are either registered trademarks or 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.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, that statement that as we look forward, we will go even further in delivering end-to-end solutions that not only provide high performance-low cost storage but also dynamically serve data to applications and users in a way that is optimized for their specific business or mission requirements, is a forward-looking statement within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 6, 2015 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 6, 2014. 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.
Photo Link: www.quantum.com/cmsimages/quantum-nyse.jpg
Photo Caption: Quantum to Commemorate 35th Anniversary with NYSE Bell Ringing
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