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Will Leverage Technology and Expertise to Expand Quantum’s Cloud Offerings
SAN JOSE, Calif., Aug. 7, 2014 — /BackupReview.info/ — Quantum Corp. (QTM) today announced that it has acquired Symform’s cloud storage services platform, which is currently used by 45,000 individual users and small businesses in 170 countries. Quantum is committed to maintaining the service for existing Symform customers and also plans to leverage the technology to expand Quantum’s cloud software capabilities and service offerings in data protection and scale-out storage. In addition, the company has hired Symform’s development team, including CTO and co-founder Bassam Tabbara, to help build out these offerings.
Symform’s extensible cloud service is well-proven in the market, with petabytes of storage and billions of data objects under management in a broad range of use cases. Its technology supports seamless scalability and provides benefits such as self-healing and self-protection that enable simple, non-disruptive technology migration.
In addition, Symform’s technology is known for its extremely simple deployment and ease of use. Other benefits include:
“Quantum already provides cloud-based data protection through our Q-Cloud™ Protect service and other partner offerings, and we recently introduced a cloud solution for content production, packaging and distribution workflows based on our StorNext® and Lattus™ solutions,” said Jon Gacek, president and CEO of Quantum. “The technology and talent we’ve acquired from Symform will enable us to augment these offerings and address a broader range of customer needs, as well as provide enhanced service options to the existing Symform user base.
“As just one example, we will be integrating Symform software and our platforms to create simple, very cost-effective cloud service options for long-term archive data and cold storage. This would complement our current StorNext-Lattus solutions which provide high performance nearline storage in a private cloud.”
Quantum has completed the Symform transaction and does not expect it to impact the company’s non-GAAP annual financial guidance for the current fiscal year.
Additional Background on Symform
Quantum, the Quantum logo, Be Certain, Q-Cloud, StorNext and Lattus 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.
Brinlea Johnson or Allise Furlani
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