Quantum Corp. (NASDAQ: QMCO) today marked the company’s 40-year anniversary as an innovator in data storage and management with celebrations at its San Jose, California headquarters and its other global offices, honoring the company’s founders.
The milestone highlights Quantum’s heritage of innovation in data storage and management solutions, as the company embarks on a new phase of growth with a series of new product introductions that have expanded the company’s portfolio of offerings for storing and managing video and other unstructured data.
The anniversary celebration follows Quantum’s new listing to the NASDAQ stock exchange, as well as its announced plans to acquire the ActiveScale object storage business.
“Quantum’s heritage goes back to Silicon Valley’s earliest days when the area first captured the world’s attention as a center of innovation,” said Jamie Lerner, President, and CEO, Quantum. He further added- “Today we’re applying technology to enrich people’s lives in ways they could scarcely imagine four decades ago. As the fortunes of countless technology companies have risen and fallen over the years, Quantum has endured and thrives today because of the people who have been drawn here to deliver products that ultimately make the world happier, smarter and safer.”
Quantum got its start February of 1980 when executives and designers from Shugart Associates, IBM, and Memorex designed an 8-inch hard drive that could achieve high performance without the cost or complexity of using a full closed-loop servo system – a major innovation at that time. The company went public in 1982 and continued expanding its product portfolio. Quantum acquired the DEC data storage division in 1994, adding tape automation products to its offerings.
Today, Quantum is an industry giant in the storage and management of video and other unstructured data. According to industry analyst IDC, by 2025 80% of the world’s data will be a video or video-like data*, positioning Quantum for growth with its video infrastructure portfolio.