Welcome to our dedicated page for Quantum news (Ticker: QMCO), a resource for investors and traders seeking the latest updates and insights on Quantum stock.
Quantum Corporation (QMCO) provides innovative data management solutions for enterprises managing large-scale unstructured data. This news hub delivers official updates and analysis on Quantum's strategic initiatives, financial performance, and technological advancements.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and leadership developments. Our curated collection ensures access to verified information about Quantum's scale-out storage solutions, archive technologies, and data protection systems.
Bookmark this page for structured insights into Quantum's progress across media, healthcare, and research sectors. Check regularly for updates on software-defined storage innovations and enterprise data management trends directly affecting QMCO's market position.
Quantum Corporation (QMCO) has unveiled Scalar® Ransom Block, an innovative feature designed to protect data from ransomware and cyber threats. This patent-pending solution creates a hardware barrier between stored data on tapes and network-connected devices, ensuring data integrity even if the tape library is compromised. The Scalar Ransom Block can be initiated remotely, enhancing security without requiring physical interaction with tapes. Other innovations include Logical Tape Blocking, further securing data during loading processes. Both features enhance Quantum's Scalar Security Framework and will be available on new Scalar i6 and i3 tape libraries starting December 2021.
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.
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