What’s happening at Quantum Corporation?
I picked up the latest development news about Quantum Corporation. Last month, in December 2018, they secured a USD210 million financial lifeline to support their deflating business and their debts. And if you follow their development, they are with their 3rd CEO in the past 12 months, which is quite extraordinary. What is happening at Quantum Corp?
Stornext – The Swiss Army knife of Data Management
I have known Quantum since 2000, very focused on the DLT tape library business. At that time, prior to the coming of LTO, DLT and its successor, SuperDLT dominated the tape market together with IBM. In 2006, they acquired ADIC, another tape vendor and became one of the largest tape library vendors in the world. From the ADIC acquisition, Quantum also got their rights on Stornext, a high performance scale out file system. I was deeply impressed with Stornext, and I once called it the Swiss Army knife of Data Management. The versatility of Stornext addressed many of the required functions within the data management lifecycle and workflows, and thus it has made its name in the Media and Entertainment space.
Jack of all trades, master of none
However, Quantum has never reached great heights in my opinion. They are everything to everybody, like a Jack of all trades, master of none. They are backup with their tape libraries and DXi series, archive and tiering with the Lattus, hybrid storage with QXS, and file system and scale-out with Stornext. If they have good business run rates and a healthy pipeline, having a broad product line is fine and dandy. But Quantum has been having CEO changes like turning a turnstile, and amid “a few” accounting missteps and a 2018 CEO who only lasted 5 months, they better steady their rocking boat quickly. Continue reading