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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.
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