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Quantum CEO Jamie Lerner: Relisting On Nasdaq, Returning To Profitability, Refocusing On Video

Jamie Lerner tells CRN that 18 to 24 months ago Quantum was at risk, but serious cost-cutting combined with a solid refocus on video technology and channel enablement helped it return to profitability and, as of this coming Monday, move to the Nasdaq exchange.

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Quantum On The Road To Recovery

It used to be that when one thought of tape the company that came to mind was Quantum—one of the traditional highfliers of the tape storage market. Quantum today, however, says that while it is still a tape automation manufacturer, it also has morphed into a leader in the video-focused data storage business with hardware and especially software for handling almost every part of the video process besides the actual video production software itself.

That metamorphosis came as Quantum went through rough times after being delisted from the New York Stock Exchange and being the subject of a U.S. Securities and Exchange Commission investigation, which led many industry watchers to wonder if the company had a future.

How things have changed. The San Jose, Calif.-based company is now profitable, and Monday expects to be uplisted, or relisted, on the Nasdaq. The past few months also has seen a surge in new non-tape hardware and software offerings, including its F-series all-NVMe high-speed video processing platform, new video surveillance technology for high-speed capture and recording of video, its R-series ruggedized video surveillance technology for use cases at the edge, major updates to StorNext file system, and a huge push around archiving software. And all those products are monitorable from the cloud and fully operational from the cloud to help solution providers build services and recurring revenue.

Jamie Lerner, Quantum's chairman and CEO, talked with CRN about Quantum's financial recovery, new technology focus and new channel focus, and hinted about what's to come.

Here’s what Lerner had to say about these issues and more.

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