SAN JOSE, Calif., May 14, 2015 /PRNewswire/ -- Quantum Corp.
(NYSE: QTM) today highlighted the unique value its scale-out
storage solutions are providing to customers as the key factor
behind the tremendous growth in revenue from these solutions over
the past year. In the company's recently completed fiscal year 2015
(April 1, 2014 - March 31, 2015), revenue from its scale-out
storage products and related services grew 74 percent over the
prior year, with increasing momentum throughout the year. After
growing 41 percent year-over-year in the first quarter, revenue
increased 58 percent and 77 percent in each of the next two
quarters, respectively, and then 116 percent in the fourth quarter.
This accelerated growth reflects the benefits that Quantum's
StorNext® high-performance workflow solutions and
Lattus™ extended online storage systems are delivering across a
wide range of vertical markets and user requirements, as customers
such as AOL Huffington Post, Calgary Police Service, PBS, TV
Cultura and the University of North
Carolina increasingly turned to Quantum over the past year
to meet their scale-out storage needs.
[See how customers are benefitting from Quantum scale-out
storage solutions:
www.quantum.com/scale-out-customers]
StorNext 5: Optimized for Demanding Workflows
Video,
audio, image and other unstructured data is becoming ever more
pervasive, accompanied by increasing demands to derive greater
value from this data through analysis and monetization. This
creates significant new challenges for organizations in capturing
data real-time, preserving it cost effectively, and accessing the
data when needed. These challenges make storage and data management
more important than ever as a critical enabler from a business or
mission standpoint.
In contrast to many other storage offerings that can't meet
these new challenges, Quantum's StorNext 5 platform was engineered
on the basis that the sheer amount of data and changing profile of
data to be managed required a different approach. This approach
centers on StorNext 5 providing a unique combination of the fastest
file streaming performance in the industry and integrated
intelligence to put the right data in the right place at the right
time for maximum efficiency and the lowest possible cost. StorNext
does so by automatically moving data across disk, object storage,
tape and cloud tiers while maintaining full control of the data.
All of this played a clear role in Quantum's success over the past
year and was reinforced as the company continued to expand its
product portfolio and market reach.
Expanded Scale-out Storage Portfolio
During the year,
Quantum launched a range of new scale-out storage offerings,
including:
- StorNext Pro™ Foundation: gives smaller production
workgroups a high-performance, attractively priced solution for
managing content from ingest to delivery to archive.
- StorNext QXS-5600: a high-capacity, high-density disk
array that delivers extremely cost-effective, work-in-process
storage for applications involving high-resolution video, images or
other rich content.
- Q-Cloud™ Archive: incorporates the power of the public
cloud as an off-site tier within a Quantum StorNext 5 workflow
environment, with no changes to existing applications or processes
required.
- Lattus 6TB Drives: adds new storage nodes with 6TB
drives, providing 50 percent greater density while lowering cost
per TB by 15 percent compared to prior storage nodes.
Broader Market Reach
Quantum continued to build on its
leadership in media and entertainment (M&E) and further extend
the benefits of its scale-out storage solutions in other vertical
markets and use cases:
- M&E: Product revenue in this market grew 155 percent
for all of fiscal year 2015 and nearly 190 percent in the final
quarter. In addition, some of the company's largest customer wins,
including its biggest deal of more than $4
million, were for corporate video use cases involving both
StorNext and Lattus.
- Other Verticals and Use Cases: Total product revenue in
non-M&E markets such as video surveillance, government
intelligence, geospatial applications, seismic analysis and life
sciences increased more than 70 percent year-over-year in the
fourth quarter. In all these markets, Quantum's high-performance,
workflow-intelligent approach was a key differentiator and growth
driver.
New Partnerships
The strength of Quantum's solutions
and market momentum also led to the establishment of new channel
and technology partnerships. During the year, the number of channel
partners reselling the company's scale-out storage offerings grew
38 percent. In addition, Quantum formed partnerships with other
technology leaders, including FireEye in network forensics for
cybersecurity, Milestone in video surveillance, Avere in oil and
gas, and Amazon in cloud services.
Awards
Quantum continued to receive industry accolades
throughout the year, including three honors for StorNext Pro
Solutions. TVBEurope named them a Best of Show Award winner at
IBC2014, and the family won a Visionary Product Award for "Enabling
Collaborative Storage Technology" at the 14th annual
Storage Visions Conference. In addition, StorNext Pro Solutions was
chosen as a finalist in the Postproduction category of the
StudioDaily Prime Awards, which it recently won.
Supporting Quotes
- Luciano Faco, Business
Systems Manager, TV REDE Gazeta
"Our workflow environment
was originally built on Apple Xsan, but we transitioned to
StorNext, taking advantage of its 100 percent compatibility with
Xsan. StorNext is now the foundation for our entire workflow,
enabling our technicians, reporters and editors to access
information easier and faster, which makes the heart of our
business more productive."
- Nick Gold, Chief Revenue
Officer, Chesapeake
Systems
"From petabyte-scale, multi-tiered platforms
involving super-fast production storage, near-line tape archive and
both private and public cloud to collaborative storage systems for
small, creative workgroups, Quantum has robust offerings that we
are very happy to present to our clientele. StorNext has proven
itself again and again for demanding video and media applications,
and Quantum is staying on top of key trends in data
management."
- Geoff Stedman, Senior Vice
President, StorNext Solutions, Quantum
"Our tremendous
success over the past year is a testament to the unique value our
workflow-optimized solutions deliver in scale-out storage
environments. As more and more customers are realizing, no other
vendor can provide the combination of high performance, low cost
and intelligent, end-to-end data management across sites and the
cloud that we offer with StorNext and Lattus."
Additional Resources
- Learn more about StorNext 5:
www.quantum.com/products/scale-out-storage/index.aspx
- Read about StorNext Pro Solutions:
www.stornext.com/solutions/stornextpro
- For more details about Lattus: www.quantum.com/lattus
About Quantum
Quantum is a leading expert in scale-out
storage, archive and data protection. The company's StorNext 5
platform powers modern high-performance workflows, enabling fluid,
real-time collaboration and keeping content readily accessible for
future use and re-monetization. More than 100,000 customers have
trusted Quantum to address their most demanding content workflow
needs, including top studios, major broadcasters and cutting-edge
content creators. With Quantum, customers can Be Certain™ they have
the end-to-end storage foundation they need to manage assets from
ingest through finishing and into delivery and long-term
preservation. See how at www.stornext.com.
Quantum, the Quantum logo, Be Certain, Q-Cloud, Lattus, StorNext
and StorNext Pro 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.
"Safe Harbor" Statement: This press release contains
"forward-looking" statements. All statements other than statements
of historical fact are statements that could be deemed
forward-looking statements. Specifically, but without limitation,
statements relating to 1) benefits and value to customers from
using Quantum's scale-out storage solutions, 2) Quantum's channel
and technology partnerships, 3) customer demand for and Quantum's
future sales of such solutions and 4) Quantum's future revenue from
such solutions and partnerships, are forward-looking statements
within the meaning of the Safe Harbor. All forward-looking
statements in this press release are based on information available
to Quantum on the date hereof. These statements involve known and
unknown risks, uncertainties and other factors that may cause
Quantum's actual results to differ materially from those implied by
the forward-looking statements. More detailed information about
these risk factors are set forth in Quantum's periodic filings with
the Securities and Exchange Commission, including, but not limited
to, those risks and uncertainties listed in the section entitled
"Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed
with the Securities and Exchange Commission on February 6, 2015 and in Quantum's Annual Report
on Form 10-K filed with the Securities and Exchange Commission on
June 6, 2014. Quantum expressly
disclaims any obligation to update or alter its forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law.
Public Relations
Contact:
Brad
Cohen
Quantum Corp.
(408)
944-4044
brad.cohen@quantum.com
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