STOCK TITAN

Amidata Expands Offerings Based on Quantum End-to-End Solutions, Launches New Cloud Storage Service Built on ActiveScale Object Storage

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Quantum Corporation (NASDAQ: QMCO) announced that Amidata, a leading managed services provider, has implemented Quantum ActiveScale™ object storage as the foundation for their new Amidata Secure Cloud Storage Service. By deploying ActiveScale, Amidata achieves simple operational efficiency, seamless scalability, and the ability to address customer needs across a wide range of use cases, workflows, and price points. The adoption of object storage aligns with current IT trends, providing a durable, cost-effective approach for backing up and archiving fast-growing data volumes while also protecting data from ransomware attacks. Quantum's tape libraries are integrated with ActiveScale Cold Storage, providing a lower cost storage class to efficiently store cold and archived data sets. With 7x24 support, no egress charges, and a flexible set of professional services, Amidata maximizes the benefits their customers achieve working with their cloud storage offering.
Positive
  • None.
Negative
  • None.

The partnership between Quantum Corporation and Amidata represents a strategic move in the data storage market, particularly within the managed services sector. Managed services are increasingly vital as companies outsource IT infrastructure management to focus on core business functions. The adoption of Quantum's ActiveScale by Amidata could signal a growing trend towards object storage solutions, which are designed to handle the vast amounts of unstructured data generated by modern businesses.

Object storage systems like ActiveScale offer scalability and cost-efficiency, which are critical in managing 'big data' and can be a competitive differentiator for service providers like Amidata. The integration of ActiveScale's Cold Storage feature also indicates an adaptation to the market's demand for diversified storage solutions that can handle both active and infrequently accessed data at a lower cost. This could appeal to a broader range of customers, including those with long-term data retention needs such as compliance and analytics.

Quantum Corporation's announcement of Amidata's implementation of ActiveScale could have financial implications for both companies. For Quantum (NASDAQ: QMCO), expanding their customer base and use cases can potentially increase recurring revenue through service offerings. The focus on operational efficiency and seamless scalability, as well as the ability to offer a secure solution against ransomware attacks, positions Quantum favorably in a market concerned with cybersecurity and data integrity.

Investors might view this adoption as a positive indicator of Quantum's market penetration and innovation in storage solutions. However, it is essential to consider the competitive landscape and the fact that the actual financial impact will depend on the market's response to the new service offerings and the ability of Amidata to convert these into profitable customer engagements.

From a security perspective, the emphasis on ransomware protection in Quantum's ActiveScale solution is timely, given the increasing frequency and sophistication of cyber attacks. The integration of a durable and cost-effective approach to data backup and archiving can be a significant value proposition for businesses looking to enhance their data resilience strategies.

The deployment of ActiveScale Cold Storage, which leverages Quantum's patented two-dimensional erasure coding for data durability, suggests a robust approach to protecting data across different storage resources. This level of security and data protection can be a critical factor for businesses in sectors with stringent regulatory compliance requirements or those that handle sensitive data.

Leading managed services provider deploys Quantum ActiveScale for active and cold data use cases after success with other Quantum solutions

SAN JOSE, Calif., Jan. 30, 2024 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO), the leader in solutions for unstructured data, today announced that Amidata, a leading managed services provider, has implemented Quantum ActiveScale™ object storage as the foundation for their new Amidata Secure Cloud Storage Service. After building successful Backup-as-a-Service and File Sharing Service offerings on Quantum DXi™ backup appliances and Quantum StorNext® file systems, Amidata has now deployed ActiveScale object storage to build a secure, resilient set of cloud storage services accessible from across all of Australia, where the company is based. By deploying ActiveScale, Amidata achieves simple operational efficiency, seamless scalability, and the ability to address customer needs across a wide range of use cases, workflows, and price points.

Amidata's adoption of object storage also aligns with current IT trends. "More and more organizations are looking at object storage to create secure and massively scalable hybrid clouds," says Michael Whelan, managing director, Amidata. "ActiveScale provides a durable, cost-effective approach for backing up and archiving fast-growing data volumes while also protecting data from ransomware attacks. Plus, by deploying the ActiveScale Cold Storage feature, we are delivering multiple storage classes as part of our service offerings, allowing us to target a wider set of customers and use cases. With our Secure Cloud cold storage option, customers can retain data longer and at a lower cost; that's useful for offsite copies, data compliance, and increasingly, for storing the growing data sets that are fueling AI-driven business analytics and insights."

As the industry's only object storage platform architected for both active and cold data, ActiveScale supports multiple S3-compatible storage classes using flash, disk, and tape medias, providing a seamless environment that can flexibly grow capacity and performance to any scale. Cold Storage, a key ActiveScale feature, integrates Quantum Scalar tape libraries as a lower cost storage class to efficiently store cold and archived data sets. Quantum's tape libraries are nearline storage, where customers can easily access and retrieve cold or less used data with slightly longer latency—minutes instead of seconds—but at a low cost, leveraging the same infrastructure used by the major hyperscalers.  ActiveScale Cold Storage intelligently stores and protects data across all storage resources using Quantum's patented two-dimensional erasure coding to achieve extreme data durability, performance, availability, and storage efficiency.

"With our Secure Cloud Storage service, we are delivering resilient and affordable storage services at any scale, based on Quantum ActiveScale," says Whelan. "With 7x24 support, no egress charges, and a flexible set of professional services, we maximize the benefits our customers achieve working with Amidata and our cloud storage offering. ActiveScale provides us with a simple, scalable infrastructure to economically store, access, and protect our customer's data across the entire lifecycle of their data."

In addition to the Quantum solutions they already offer, Amidata is evaluating other Quantum solutions to deliver complete end-to-end offerings for data across the lifecycle, like the new Quantum DXi Cloud Share which enables archiving of backup data sets from across core, cloud, and edge environments directly to Amidata's Secure Cloud Storage Service.

"Having partnered with Amidata for many years, we are delighted by their success and inspired by their entrepreneurship, innovation, and customer-centric culture," says Bruno Hald, general manager, secondary storage, for Quantum. "Amidata is a truly tech-savvy, world-class organization. They understand that customers need complete end-to-end solutions to manage the deluge of data they are generating and to derive value from that data, from high-performance storage solutions to backup and long-term archiving. We look forward to our continued collaboration as they expand their service offerings to include ActiveScale and other Quantum solutions in the future."

For more information on Amidata's implementation of ActiveScale, view the video case study. For more information on ActiveScale, visit https://www.quantum.com/object-storage.

About Quantum
Quantum technology, software, and services provide the solutions that today's organizations need to make video and other unstructured data smarter – so their data works for them and not the other way around. With over 40 years of innovation, Quantum's end-to-end platform is uniquely equipped to orchestrate, protect, and enrich data across its lifecycle, providing enhanced intelligence and actionable insights. Leading organizations in cloud services, entertainment, government, research, education, transportation, and enterprise IT trust Quantum to bring their data to life, because data makes life better, safer, and smarter. Quantum is listed on Nasdaq (QMCO). 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.

About Amidata Limited
Amidata Limited specializes in providing data protection services. The company helps ensure that clients' valuable data resources are always secure, backed up, and performing at their best. Amidata offers consulting, solutions, and support through a utility-based pricing model. Clients can break free of resource constraints and gain peace of mind that their data is fully protected.

Amidata Secure Cloud Storage overcomes the security, cost and data sovereignty concerns that persist with public cloud storage providers. Simply address your exponential data growth needs with competitive pricing, no egress, or hidden fees, with locally hosted infrastructure, support, georedundancy, and encryption.

Forward-Looking Statements

The information provided in this press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"). These forward-looking statements are largely based on our current expectations and projections about future events and financial trends affecting our business. Such forward-looking statements include, in particular, statements about the anticipated benefits and features of the Quantum ActiveScale solution as well as our business prospects, changes and trends in our business and the markets in which we operate.

These forward-looking statements may be identified by the use of terms and phrases such as "anticipates", "believes", "can", "could", "estimates", "expects", "forecasts", "intends", "may", "plans", "projects", "targets", "will", and similar expressions or variations of these terms and similar phrases. Additionally, statements concerning future matters and other statements regarding matters that are not historical are forward-looking statements. Investors are cautioned that these forward-looking statements relate to future events or our future performance and are subject to business, economic, and other risks, and uncertainties, both known and unknown, that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements.

These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including without limitation, the following: the potential impact of the COVID-19 pandemic on our business, including potential disruptions to our supply chain, employees, operations, sales and overall market conditions; the competitive pressures we face; risks associated with executing our strategy; the distribution of our products and the delivery of our services effectively; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; whether the market for the Quantum ActiveScale solution develops as anticipated and whether our products meet the developing needs of this market; and other risks that are described herein, including but not limited to the items discussed in "Risk Factors" in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") and any subsequent filings with the SEC. We do not intend to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.

Media Contact:
Sara Beth Fahey
Matter Communications
quantum@matternow.com
401.351.9507

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/amidata-expands-offerings-based-on-quantum-end-to-end-solutions-launches-new-cloud-storage-service-built-on-activescale-object-storage-302047558.html

SOURCE Quantum Corp.

FAQ

What is the foundation for Amidata's new Amidata Secure Cloud Storage Service?

Amidata has implemented Quantum ActiveScale™ object storage as the foundation for their new Amidata Secure Cloud Storage Service.

What are the benefits of deploying ActiveScale for Amidata?

By deploying ActiveScale, Amidata achieves simple operational efficiency, seamless scalability, and the ability to address customer needs across a wide range of use cases, workflows, and price points.

How does ActiveScale align with current IT trends?

ActiveScale provides a durable, cost-effective approach for backing up and archiving fast-growing data volumes while also protecting data from ransomware attacks, aligning with current IT trends.

What are the features of ActiveScale Cold Storage?

ActiveScale Cold Storage integrates Quantum Scalar tape libraries as a lower cost storage class to efficiently store cold and archived data sets.

What benefits does Amidata's Secure Cloud Storage Service offer?

With 7x24 support, no egress charges, and a flexible set of professional services, Amidata maximizes the benefits their customers achieve working with their cloud storage offering.

Quantum Corporation

NASDAQ:QMCO

QMCO Rankings

QMCO Latest News

QMCO Stock Data

48.30M
81.96M
13.61%
55.27%
0.26%
Computer Storage Device Manufacturing
Manufacturing
Link
United States of America
SAN JOSE

About QMCO

we're global experts in scale-out storage, archive and data protection. we have a different approach to storage, enabling customers to maximize business value by storing, sharing and preserving data over their entire lifecycle.