Business
Quantum Completes Acquisition of ActiveScale Object Storage Business
Strategic, Accretive Acquisition from Western Digital Extends Quantum's Portfolio for Managing Video and Video-Like Data SAN JOSE, Calif., March 17, 2020
About this update from Quantum Corporation
[{"type":"text","content":"Strategic, Accretive Acquisition from Western Digital Extends Quantum's Portfolio for Managing Video and Video-Like Data\n\n\nSAN JOSE, Calif., March 17, 2020 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced it has completed its acquisition of the ActiveScale™ object storage business from Western Digital Technologies, Inc., a subsidiary of Western Digital Corp. (NASDAQ: WDC). The acquisition expands Quantum's leadership role in storing and managing video and other unstructured data using a software-defined approach.\n\n \n \n \n \n \n \n\n \nJamie Lerner, President and CEO, Quantum commented, \"The strategic acquisition of ActiveScale bolsters our existing product portfolio and expands our addressable market providing critical software capabilities that enhance our go to market strategy with minimal risk to Quantum. With engineers who developed ActiveScale's erasure-coded object store software now on our team, we are in a position to pursue new object solutions truly optimized for managing video and other unstructured data.\" \nThe ActiveScale product line adds object storage software and erasure coding technology to Quantum's portfolio, enabling the company to expand its product offerings in the object storage market. Object storage has emerged as a potent response to the exponential growth of video and other forms of unstructured data. This content requires high-speed capture and processing (typically done with a file system like Quantum's StorNext® solution), then is often retained for years or decades. Examples of this unstructured data include video and images for entertainment, surveillance and security, marketing and training, and more. Prior to this acquisition Quantum has successfully delivered and supported the ActiveScale object storage product line for over five years.\nAdditional Resources\nFor more about Quantum ActiveScale products: \nhttps://www.quantum.com/en/products/object-storage/ *IDC Vendor Spotlight, sponsored by Quantum, \"Managing Unstructured Data Growth Requires a Fresh Approach,\" January 2020. To download visit: https://www.quantum.com/globalassets/documents/idc-vendor-spotlight.pdf About QuantumQuantum technology and services help customers capture, create and share digital content – and preserve and protect it for decades. With solutions built for every stage of the data lifecycle...