Quantum - QMCO STOCK NEWS

Quantum Corporation (NASDAQ: QMCO) will release its financial results for the third fiscal quarter ended December 31, 2020, on January 27, 2021, after market close. CEO Jamie Lerner and CFO Mike Dodson will discuss the results in a conference call at 4:30 p.m. ET. Analysts and investors can join using the provided dial-in numbers or via webcast. A replay will be available for two hours post-call and accessible until February 3. Quantum, known for its data capture and preservation solutions, was added to the Russell 2000® Index in 2020.

Quantum Corp. (NASDAQ: QMCO) has joined the DNA Data Storage Alliance, aiming to enhance the future of DNA data storage. This partnership supports the development of a commercial archival storage system, crucial for managing the escalating volumes of digital data. Quantum, renowned for its vast digital archives, believes DNA storage can provide a stable and durable format for data preservation, with estimates suggesting that by 2024, 30% of digital businesses will require DNA storage trials. The alliance seeks to promote awareness and adoption of this innovative technology.

Quantum Corporation (NASDAQ: QMCO) announced its participation at the 23rd Annual Needham Growth Conference on January 13-14, 2021. Both Jamie Lerner, Chairman and CEO, and Mike Dodson, CFO, will represent the company at this virtual event. Portfolio managers and analysts interested in meetings with management can contact conferences@needhamco.com. Quantum specializes in technology and services that help customers manage digital content, enhancing performance for sectors including entertainment and cloud services.

On January 4, 2021, Quantum Corp (NASDAQ: QMCO) announced Rick Valentine as Senior Vice President & Chief Customer Officer. Valentine, a customer experience veteran with over 35 years in technology, will enhance Quantum's support as it shifts towards an as-a-service model for unstructured data management. His experience includes a pivotal role in Silver Peak's customer success, leading to its $925 million acquisition by Hewlett Packard Enterprise in 2020. This move aligns with Quantum's goal to improve customer experiences amidst its transition to software-defined architectures.

Quantum Corp (NASDAQ: QMCO) has announced the appointment of Brian Pawlowski as Chief Development Officer, enhancing its leadership team to boost software-defined infrastructure and global growth. With over 35 years in tech, Pawlowski aims to drive software innovation and address customer needs, focusing on hybrid multi-cloud solutions. Quantum also established a new Cloud Software & Analytics unit led by Dave Clack, following its acquisition of Square Box Systems. Additionally, Jim Simon has been appointed to lead operations in Malaysia, aiming to strengthen Quantum's presence in the Asia Pacific region.

Quantum Corp (NASDAQ: QMCO) announced the acquisition of Square Box Systems Ltd, enhancing its data management portfolio. This acquisition brings CatDV, a media management platform that employs AI and ML for better digital asset organization. Square Box has seen over 20% growth in the past year with over 1,500 deployments globally. The deal is expected to be accretive to Quantum's business operations, offering new market opportunities, particularly for small media workgroups. Quantum aims to integrate CatDV with its existing solutions to better serve diverse customers.

Quantum Corp. (NASDAQ: QMCO) announced that its ActiveScale object storage platform now complies with Amazon S3's new strong consistency requirements. This update allows customers to ensure immediate data accessibility and integrity, a vital feature for applications demanding real-time data accuracy. ActiveScale's architecture is designed for high resiliency and durability, addressing massive unstructured data growth. The platform's enhancements focus on data security, capacity, efficiency, and performance, thus empowering customers to remain competitive in data management.

Quantum Corp. (NASDAQ: QMCO) announced enhancements to its ActiveScale platform aimed at improving data security, capacity efficiency, and overall performance. The upgrades include a new entry-level configuration starting at 432TB and the ActiveScale 5.7 Object Lock feature, which protects data from malicious acts. Improvements such as Small Object Aggregation are designed to enhance storage efficiency. Quantum aims to position itself as a leader in unstructured data management, catering to growing enterprise demand for scalable and secure object storage solutions.

On Nov. 17, 2020, Quantum Corp. (NASDAQ: QMCO) announced the launch of StorNext 7, featuring the new File System Pools to enhance data management across NVMe and HDD storage. This version aims to provide high-throughput and low-latency performance, particularly for video workflows. The user interface has been redesigned for ease of use, and a simplified capacity-based licensing model has been introduced. Key developments include new web services APIs and a focus on optimizing storage solutions to manage the growing data landscape efficiently.