Articles about stornext

Quantum Scalar i40 tape library

Quantum: We've got that accounting probe taped. Now about refinancing...

Timing is everything: Quantum Corp is renegotiating a refinancing package that could, if not agreed, take the business down. At the same time, it is nearing the end of an accounting probe that has highlighted serious revenue recognition errors in multi-year results that will need to be rectified. An investigation by the firm's …
Chris Mellor, 17 Sep 2018
Must go faster must go faster

Quantum gets MESHy, speeds up StorNext with Excelero NVMeOF tech

Quantum has near-doubled StorNext speed by using Excelero’s NVMESH to provide faster data access than it’s capable of providing on its own. StorNext is a scale out, multi-tiered file data management product, including software and hardware such as the Xcellis arrays, popular with Media and Entertainment (M&E) customers. NVMESH …
Chris Mellor, 14 Sep 2018
Files and paperwork photo via Shutterstock

Double trouble at tape survivor Quantum as CEO and CFO quit firm

Scale-out storage firm Quantum has announced that CEO Patrick Dennis is stepping down to focus on family matters. CFO Fuad Ahmad has also left. Michael Dodson has joined as new CFO and interim CEO effective today. Quantum's board is now actively searching for a permanent CEO. To hire a CFO then lose the new CEO who hired him …
Chris Mellor, 31 May 2018

New Quantum head honcho thrown in at the deep end

Comment There's a new president and CEO at Quantum, with the board hoping for a dose of Patrick Dennis magic to fire up the company and return it to growth and profits. Dennis was CEO of Guidance Software, which made forensic security software such as EnCase. OpenText bought the company for $222m in September last year to add to its …
Chris Mellor, 17 Jan 2018

Xcellis: From 'gateway' for NAS dabblers to pusher of hardcore scale-out NAS boxen

Quantum has announced an Xcellis scale-out NAS system, claiming performance is three times better than the next-best competing NAS system. Xcellis is hardware separated into Workflow Director Nodes and Workflow Director Storage. The Director Nodes run StorNext software, which provides access to a multi-tier and single …
Chris Mellor, 12 Dec 2017
Gacek_and_Cohen

Quantum CEO exits as scale-out storage rescue fails

It's blood on the boardroom table at Quantum as an activist investor joins the board, the CEO leaves, the scale-out storage revenue rescue strategy fails, revenues turn down, and hopes turn to a software-defined, cloud-native future. Deep breath folks, and a quick history lesson. Quantum was one of the dominant big-iron tape …
Chris Mellor, 10 Nov 2017
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

Quantum's scale-out storage revenues didn't scale out enough

Quantum delivered flat results with its business in limbo and awaiting direction and tuning from the new and CEO-less board. Essentially Quantum's revenues and net income were flat on the annual compare, with a trivial rise in revenue and a trivial reduction in net loss.   Q1 Fy2018 Q1 Fy2017 Q4 Fy2018 Revenues $116, …
Chris Mellor, 10 Aug 2017
HBO: Game of Thrones

Stumbling StorNext ruins Quantum's solace

Quantum almost failed to meet its revenue expectations in its final fiscal 2017 quarter, as a StorNext revenue dip added to a seasonal decline. That StorNext dip was ascribed to fewer large deals than the same quarter a year earlier. Quantum’s fourth fiscal 2017 quarter showed annual growth, but only just, as the firm slipped …
Chris Mellor, 12 May 2017
The big split

Quantum sidesteps NYSE delisting with reverse stock-split move

Data protection and multi-tier file management supplier Quantum is escaping a delisting threat from the New York Stock Exchange with a 1:8 reverse stock split. The company’s shares had not traded at the minimum required average closing price of $1.00 for 30 consecutive trading days when NYSE issued the delisting threat letter …
Chris Mellor, 4 Apr 2017
Hannibal Lector wearing mask

White-knight investors or capitalist cannibals? VIEX vexes Quantum

In another wonderful example of the US capitalist system's ability to enable businesses to eat each other for short-term shareholder reward, an activist investor is looking to take over Quantum's board and restore shareholder value. VIEX Capital Advisors takes a stake in small cap companies that have under-performed on the …
Chris Mellor, 3 Feb 2017
Champagne_bottles

Too early for champers? Quantum faces its first sales rise in a decade

Get the champagne ready; Quantum might be facing its first annual revenue increase in 10 years – if the next quarter goes to plan. Quantum did as its preliminary 3Q17 statement said it would and showed third-quarter results significantly ahead from a year ago. Revenues of $133.5m were up 8 per cent on the $128m a year ago and …
Chris Mellor, 26 Jan 2017

Quantum heaves sigh of relief as red ink washes away

Made it! Quantum is back in profit after five loss-making quarters. It made $3.8m profit on revenues of $134.7m in its second fiscal 2017 quarter; they were $117m a year ago, with a net loss of $11.2m, and $116.3m in the previous quarter, which saw a $3.8m loss. Finally all that hard work in building up StorNext revenues …
Chris Mellor, 27 Oct 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
Big cloud, image via Shutterstock

Quantum of solace: Mega cloud signing to end years of hurt?

Quantum says it has won a major cloud storage deal that could help reverse years of falling revenues. It's also announced a new chief financial officer: Fuad Ahmad will take over from Linda Breard. Breard became Quantum's chief beancounter in January 2011, and resigned in January to pursue another opportunity. Ahmad gets an …
Chris Mellor, 19 Apr 2016
Iguazu_falls

The Quantum of solace: Well, at least the scale-out storage revenues were up

Quantum unsurprisingly saw declining revenues in its third quarter, hit by general storage market weakness and tape pricing falls which offset scale-out storage revenue increases. Revenues shrank 10 per cent annually to $128m in its fiscal 2016 third quarter ended Dec 31, 2015. They rose 9.4 per cent on the sequential compare …
Chris Mellor, 29 Jan 2016
money_987_648

Last orders cost Quantum dear as it limps to $11.2m loss

Storage company Quantum has confirmed its early October revenue warning, with second fiscal 2016 quarter revenues of $117m, and not the hoped-for $125m. There was a loss of $11.2m in the quarter, which compares with a loss of $10.8m in the previous quarter, and indeed a profit of $1.2m in the year-ago quarter. It attributed a …
Chris Mellor, 30 Oct 2015
Xcellis_racks

Quantum packs new StorNext hardware in a software glove

Quantum has given its StorNext file and data management product a hardware makeover, with faster Xcellis hardware taking up less rackspace than existing components. StorNext provides access to a virtualised single repository with four tiers. It serves primary data from its drive array to users' workstations and applications …
Chris Mellor, 27 Oct 2015

Create a news alert about stornext, or find more stories about stornext.

Biting the hand that feeds IT © 1998–2018