Feeds

ADIC buy helps Quantum leap into enterprise

$770m storage buy

Next gen security for virtualised datacentres

Quantum has set its heart on cracking the enterprise market and is coughing up $770m to buy rival storage vendor Advanced Digital Information Corp.

Quantum is banking on the deal to massively expands its sales force and channel operation, particularly in the enterprise market where ADIC typically plays. Quantum said it would be building on ADIC’s StorNext datamanagement software. The buyer also reckons combining the two firm’s technology will allow it to rack up its investment in high growth areas.

If Quantum’s numbers are right, the deal should deliver savings of $45m in its first year of combined operations, and add up to 15 cents per share to earnings. That should put a smile on Quantum chairman and CEO Rick Belluzzo’s face – and Belluzzo will be doing the same job at the combined company.

Belluzzo’s company could do with something to smile about. The deal was announced the same day Quantum reported fourth quarter sales were down 14 per cent to $206m with losses of $23m.®

The essential guide to IT transformation

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Object storage bods Exablox: RAID is dead, baby. RAID is dead
Bring your own disks to its object appliances
VMware vaporises vCHS hybrid cloud service
AnD yEt mOre cRazy cAps to dEal wIth
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?