Quantum Announces Expanded Global Partnership Model to Grow Presence in Asia-Pacific Markets
01 May 2024 - 6:05AM
Business Wire
Quantum® Corporation (NASDAQ: QMCO), 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.
To scale its footprint faster and more efficiently, Quantum
entered into exclusive distributor agreements with TS Line Systems
for Korea, ACA Pacific for Australia and New Zealand, and NGC for
Japan, respectively. Each of these partners already has a strong
foundation with Quantum and deep knowledge of its solutions, with
existing joint customers today.
“We are extremely pleased to be expanding our agreements with
these long-standing partners that have a demonstrated track record,
solutions expertise, and local knowledge, so we can build upon the
foundations already in place,” said Rob Hilligoss, Head of APAC
Sales and Marketing at Quantum. “At Quantum, we are committed to
enhancing the customer experience, maintaining the highest service
quality, and optimizing growth opportunities as AI and machine
learning magnify the market for unstructured data management.”
As part of the new distributor agreement, each partner will
increase dedicated sales and marketing resources as well as
continue the promotion and sale of Quantum solutions. Additionally,
Quantum and these partners will continue to offer customers in the
region support and services jointly. This expanded model is to be
deployed within the second quarter of calendar year 2024.
Hilligoss continued: “Providing successful outcomes for our
customers by enabling them to leverage their unique data remains
our top priority, and Quantum will continue to provide innovative
products, world-class support, and subscription offerings to our
partners and all our customers across these geographies.”
About Quantum
Quantum delivers end-to-end data management solutions designed
for the AI era. With over four decades of experience, our data
platform has allowed customers to extract the maximum value from
their unique, unstructured data. From high-performance ingest that
powers AI applications and demanding data-intensive workloads, to
massive, durable data lakes to fuel AI models, Quantum delivers the
most comprehensive and cost-efficient solutions. Leading
organizations in life sciences, government, media and
entertainment, research, and industrial technology trust Quantum
with their most valuable asset – their data. Quantum is listed on
Nasdaq (QMCO). For more information visit www.quantum.com.
Quantum and the Quantum logo are registered 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.
Forward-Looking Statements
The information provided in this press release may include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 ("Exchange Act"). These forward-looking statements are
largely based on our current expectations and projections about
future events and financial trends affecting our business. Such
forward-looking statements include, in particular, statements about
expanding our business model and growing our business in APAC,
optimizing growth opportunities, and providing successful outcomes,
as well as our business prospects, changes and trends in our
business and the markets in which we operate.
These forward-looking statements may be identified by the use of
terms and phrases such as "anticipates", "believes", "can",
"could", "estimates", "expects", "forecasts", "intends", "may",
"plans", "projects", "targets", "will", and similar expressions or
variations of these terms and similar phrases. Additionally,
statements concerning future matters and other statements regarding
matters that are not historical are forward-looking statements.
Investors are cautioned that these forward-looking statements
relate to future events or our future performance and are subject
to business, economic, and other risks, and uncertainties, both
known and unknown, that may cause actual results, levels of
activity, performance or achievements to be materially different
from those expressed or implied by any forward-looking
statements.
These forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those
projected, including without limitation, the following: the
potential impact of the COVID-19 pandemic on our business,
including potential disruptions to our supply chain, employees,
operations, sales and overall market conditions; the competitive
pressures we face; risks associated with executing our strategy;
the distribution of our products and the delivery of our services
effectively; the development and transition of new products and
services and the enhancement of existing products and services to
meet customer needs and respond to emerging technological trends;
whether our APAC expansion model will be successful, and whether
our products meet the developing needs of this market; and other
risks that are described herein, including but not limited to the
items discussed in "Risk Factors" in our filings with the
Securities and Exchange Commission, including our most recent
Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the “SEC”) and any subsequent filings with the SEC. We
do not intend to update or alter our forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law or regulation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240430552120/en/
Media Contact: Sara Beth Fahey Matter
Communications quantum@matternow.com 401.351.9507
Quantum (NASDAQ:QMCO)
Historical Stock Chart
From Apr 2024 to May 2024
Quantum (NASDAQ:QMCO)
Historical Stock Chart
From May 2023 to May 2024