SAN JOSE, Calif., Jan. 26, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today highlighted its significant market momentum in disk-based backup and deduplication, as both existing and new customers increasingly deploy the company's DXi® appliances to address their changing data protection requirements. In the first nine months of Quantum's fiscal year (April 1-Dec. 31, 2016), overall product and related service revenue from disk backup sales grew 14 percent over the same period a year earlier, with revenue from enterprise DXi products up 62 percent.
According to IDC's Worldwide Quarterly Purpose-Built Backup Appliance Tracker, Quantum was also among the top five largest deduplication providers and one of only two companies in the top five that generated year-over-year growth in the third calendar quarter of 2016. In addition, Storage magazine/SearchStorage.com has selected the DXi6900-S as a finalist for the 2016 Products of the Year awards in the Data Backup Hardware category. Quantum's deduplication leadership is further reflected in its broad and expanding customer base around the world, which includes numerous Fortune 500 companies and other organizations such as Hawaii State Department of Health, Maple Leaf Sports and Entertainment, Oxford University Press, OSI Food, The Salvation Army, University of Bristol, University of San Diego and West Australian News.
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Enterprises Coping With Growth Adopt DXi6900-S With Flash Technology
One of the recent drivers of Quantum's deduplication market momentum is the DXi6900-S. Introduced only five months ago, the new appliance is designed for large, multi-site data protection environments, where customers are confronting the challenges of backing up mission-critical databases and other digital assets under increasingly tighter backup windows and more demanding business requirements.
By leveraging SSDs for metadata operations, the DXi6900-S delivers ultra-fast ingest, read, replication and space reclamation performance. It was also the first deduplication appliance to incorporate 8TB self-encrypting drives, providing the highest density backup available — up to 544TB (useable) in 18U of rack space, or 10PB of logical storage at a 20:1 deduplication ratio. In addition, the DXi6900-S is significantly more efficient than other deduplication appliances, consuming 50 percent less power than competitive offerings. All these advantages have resulted in quick customer adoption of DXi6900-S and reinforced the overall strength of Quantum's DXi product line.
Eric Bassier, Senior Director, Data Center Solutions, Quantum
"Quantum's DXi deduplication portfolio scales from 1 to 544 useable terabytes, includes both physical and virtual appliances and can be integrated with tape, the cloud or both in a tiered storage environment. The DXi6900-S has been a great addition to the portfolio, helping customers such as large insurance firms and financial services institutions meet their data protection challenges and drive greater success."
Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum's end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.
Quantum, the Quantum logo and DXi are either registered trademarks or 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.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to: 1) benefits and value to customers from using Quantum's DXi appliances, including the DXi6900-S and the remaining DXi6900 appliance family, 2) Quantum's future DXi product and related service revenue and 3) Quantum's future market momentum in disk-based deduplication and its deduplication leadership are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2016 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 3, 2016, as amended. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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