Articles from Quantum Corporation

Quantum Corporation (NASDAQQMCO) today announced scalability enhancements to its Quantum Myriad® all-flash file system, making it the first solution to offer incremental, in-place system scaling with dynamic, automatic data leveling. These advancements deliver unmatched flexibility and adaptability in a modern, all-flash file system so customers can meet their evolving storage requirements in the era of AI.

Quantum Corporation (NASDAQQMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced the Company’s senior lenders recently exercised previously issued warrants to purchase shares of Quantum’s common stock. These transactions had been incorrectly reported by certain news outlets as a disposition of shares. The Company wanted to clarify the nature of these transactions and also reiterate that the associated parties are currently restricted from selling Quantum’s common stock as a result of Quantum's quarterly and financial results calendar.

Quantum Corporation (NASDAQQMCO) today announced development of a new highly parallel file system client for the Quantum Myriad® all-flash file system, designed to fully enable NVIDIA GPUDirect Storage® capability while offering on-the-fly client node deployments with cross platform compatibility, including NVIDIA Grace Hopper with Grace ARM-based architectures. This new capability offers an innovative approach to building artificial intelligence (AI)/machine learning (ML) infrastructure intended to let customers add powerful new graphics processing unit (GPU) nodes to Myriad clusters as needed to respond quickly to evolving workflow and pipeline needs. Designed to maximize GPU utilization and performance, the client is optimized for GPU-intensive workloads such as AI/ML model training and inferencing, high-performance computing (HPC) visualization and modeling, and video rendering.

Quantum Corporation (NASDAQQMCO) today announced the availability of the Scalar® i7 RAPTOR, the latest advancement in tape storage technology tailored to support growing AI and cloud use cases. Originally announced in March of this year, the Scalar i7 RAPTOR is designed for hyperscale customers, managed service providers (MSPs), and large enterprises and is the densest, most scalable tape solution on the market. As organizations look to retain more data than ever for AI, analysis, and business insights, this new offering gives customers an ultra-low cost, green, and secure solution for data lakes, data protection, and private and hybrid cloud deployments.

Quantum Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces the DXi9200, the latest generation of its highly successful, flagship DXi9000 Series hybrid (flash + dense disk) data protection appliances, designed for scalable, efficient backup and recovery services for large organizations. With the continuing threat of ransomware attacks, organizations need to take a comprehensive and proactive approach to secure their data and data copies, continuously validate recovery operations, and quickly recover in case of attack. As the industry’s most scalable, feature-rich, and efficient data protection appliance, the DXi9200 meets these challenges head on.

Quantum® Corporation (NASDAQQMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today announced it will release financial results for its fiscal second quarter 2025 on Wednesday, November 13, 2024, after the markets close.

Quantum Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced its ActiveScale® object storage software has extended its Veeam® Ready qualifications. Veeam® Software is the #1 leader by market share in Data Resilience. Quantum’s new Veeam Ready qualifications now include the new ActiveScale 7.0 software that includes support for all-flash solutions for fast ransomware recovery and ActiveScale Cold Storage support of Veeam Archive Tier for low-cost, air-gapped retention of Veeam backups. These Veeam Ready solutions provide organizations unprecedented cyber resilience with multi-layered protection, high performance, simplicity, and efficiency to prepare, protect, and recover business-critical applications rapidly and with confidence.

Quantum Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, demonstrates its commitment to the channel through a series of program enhancements and industry recognition. Quantum recently rolled out a new global partner portal with enhanced features to make it easier and more lucrative for partners to sell Quantum’s comprehensive data management solutions for AI and unstructured data. Additionally, Quantum’s channel leader, Guillaume Crapart, was named a CRN Channel Chief, the Quantum Alliance Program received a CRN 5-Star Program designation for another consecutive year, and the new Quantum ActiveScale Z200 object storage won a CRN Tech Innovator award in the Enterprise Storage category, further validating Quantum’s robust programs, products, and dedication to the channel.

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced it will implement a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split is intended to increase the per share trading price of its common stock to satisfy the continued listing standards of The Nasdaq Stock Market (“Nasdaq”). The reverse stock split will not affect any stockholder’s percentage ownership interest in the Company (other than as a result of the treatment of fractional shares).

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal first quarter 2025 ended June 30, 2024.

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal full year 2024 ended March 31, 2024.

Quantum® Corporation (NASDAQQMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, announced today it will release financial results for its fiscal year 2024 on Monday, June 17, 2024, after the markets close.

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today it will release financial results for its full year fiscal 2024 ended March 31, 2024 on Monday, June 17, 2024 after markets close. Jamie Lerner, Chairman and CEO, and Kenneth Gianella, Chief Financial Officer, will host a conference call on the same day. Conference call information will follow in the coming days. The timing of the filing and conference call is in conjunction with the Company’s conclusion of its review of previously announced accounting matters.

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today provided an update related to the Company’s efforts to become current with its SEC financial reports.

Quantum® Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced the availability of Quantum GO™, a subscription model to meet growing data demands and cost objectives.

Quantum® Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announced the expansion of its global partnership model across the key markets of South Korea, Japan, Australia and New Zealand. Following several years of success developing this program in other Asia-Pacific markets, such as China, India, and Singapore, Quantum wanted to expand this partner model in other key territories to reach and enable a broader customer base with its end-to-end data management solutions.

Quantum® Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces DXi T-Series all-flash backup appliances to accelerate key data protection processes that help customers more effectively prepare, protect and recover critical IT operations from ransomware and other data risks. With data-intensive initiatives, like AI, a high priority, coupled with the continuing and ever-present threat of ransomware, data protection is an essential service across all organizations. The DXi T-Series expands the industry’s most efficient backup data management platform with compact, all-inclusive, all-flash appliances that are easy to deploy and use across edge, core and cloud for fast, efficient protection and recovery.

Quantum Corporation (Nasdaq: QMCO), a leader in solutions for AI and unstructured data, provided additional updates on its business.

Quantum® Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, announced today that it is adding advanced file service technology to Quantum Myriad® and StorNext® to offer ultra-fast and feature rich server message block (SMB) based cross-platform file service.

Quantum® Corporation (NASDAQQMCO), the pioneer in end-to-end data management solutions designed for the AI era, today announces ActiveScale® Z200 all-flash object storage to help customers accelerate mission-critical AI pipelines and massive data workflows. This new solution extends Quantum’s all-flash leadership beyond Quantum Myriad™ and StorNext™ file system solutions to address S3-native use cases that require rapid data ingest, high-performance analysis, fast data retrieval, and long-term data preservation for compliance, AI models and unstructured data management. The ActiveScale Z200 appliance expands the award-winning ActiveScale portfolio to now include an all-flash option that delivers powerful new levels of throughput and transactional performance at any scale, from terabytes to exabytes. With the ActiveScale Z200, customers gain more agility and speed to build massive data lakes and storage clouds, ingest and prep raw data sets, optimize and run AI pipelines and other data-intensive workflows, and cost-effectively preserve and protect massive data sets.

Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), the pioneer in end-to-end data management solutions designed for the AI era, today filed a Form 8-K regarding several business updates, including reiterating its efforts to be current with its SEC financial reports by May 7, 2024.

Quantum Corporation (NASDAQQMCO) today announced the Scalar i7 RAPTOR, the latest in tape innovation to support growing AI use cases. Built to handle advanced AI workflows for hyperscale customers, MSPs and large enterprises, the Scalar i7 RAPTOR is engineered to deliver the densest, most scalable tape solution on the market. As organizations look to retain more data than ever to fuel AI models, this new offering gives customers an ultra-low cost, green, and secure solution for data lakes, data protection, and private and hybrid cloud deployments.

Quantum Corporation (NASDAQQMCO) (“Quantum or the “Company”) today filed a Form 8-K detailing amendments to the Company’s term loan and revolving credit agreements. These amendments, among other things, waived the covenant requirements related to financial statements prepared in accordance with GAAP for the fiscal quarter ended December 31, 2023. The amendments also waived financial covenants related to the Company’s total net leverage ratio for the same fiscal period. Additionally, the agreements established informational updates and coordination on business initiatives with the Company’s Lenders. Per the revised agreements, the Company has through May 15, 2024 to resume financial compliance.

Quantum Corporation (NASDAQQMCO) (“Quantum or the “Company”) announced today that it has filed a Form 12b-25 Notification of Late Filing for the quarter ended December 31, 2023 (the “Form 10-Q”) by February 9, 2024, the original due date for such filing.