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Stock Market & Financial Investment News

News Breaks
August 7, 2014
16:34 EDTQTMQuantum acquires Symform cloud services platform and development team
Quantum announced that it has acquired Symform's cloud storage services platform, which is currently used by 45,000 individual users and small businesses in 170 countries. Quantum is committed to maintaining the service for existing Symform customers and also plans to leverage the technology to expand Quantum's cloud software capabilities and service offerings in data protection and scale-out storage. In addition, the company has hired Symform's development team, including CTO and co-founder Bassam Tabbara, to help build out these offerings. Quantum has completed the Symform transaction and does not expect it to impact the company's non-GAAP annual financial guidance for the current fiscal year.
News For QTM From The Last 14 Days
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April 13, 2015
18:02 EDTQTMQuantum, Dot Hill Systems announce partnership
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09:20 EDTQTMOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
08:06 EDTQTMQuantum and Dot Hill Systems announces go-to-market partnership
Quantum (QTM) and Dot Hill Systems (HILL) announced a new, global go-to-market partnership whereby Quantum will integrate Dot Hill's full line of enterprise-class disk storage systems into its tiered storage offerings. By adding all of Dot Hill's storage arrays to its scale-out storage and data protection portfolio, Quantum will further expand its range of solutions designed for managing data across its entire lifecycle in demanding environments. At the same time, Dot Hill will extend its market footprint by leveraging Quantum's channel, sales and marketing resources, and global service and support.

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