Exertis Enterprise has announced a UK distribution partnership with data storage and management player Quantum Corporation.
Exertis Enterprise and Quantum will deliver data management technologies designed to support AI initiatives and media and entertainment workflows, enhance data security, optimise storage performance, and streamline business operations, the pair said.
Jason Daly, business development manager at Exertis Enterprise, said: “Quantum’s forward-thinking approach to data storage and management aligns perfectly with our mission to offer best-in-class solutions to our channel partners. Together, we are equipping businesses with the technology they need to maximise the value of their data, ensuring they stay competitive in an increasingly data-centric world.”
“Through our partnership with Exertis, we look forward to expanding our presence in the UK market. As data volumes continue to grow rapidly, organisations need solutions that not only manage and protect their data but also unlock its potential,” added Guillaume Crapart, vice president, global channels for Quantum.
“Together, we are delivering end-to-end data management solutions that empower customers to drive innovation, support AI, media and entertainment, and other demanding workflows, build secure and cost-efficient private clouds, and ensure data protection from edge to core to cloud.”
Last week, Quantum announced scalability enhancements to its Myriad all-flash file system, offering incremental, in-place system scaling with dynamic, automatic data levelling.
Also last week, Nasdaq-listed Quantum struck a standby equity purchase agreement (SEPA) with Yorkville Advisors Global. The deal will give Quantum access to additional equity capital and liquidity to strengthen its balance sheet.
A SEPA is a financial arrangement used by publicly listed companies to raise capital by selling shares to private investors over time. A company can “call” on the investor to purchase equity on an “as-needed basis,” up to a certain limit.
“This strategic financial partnership provides Quantum with the flexibility to support our ongoing operations and accelerate our growth initiatives,” said CEO Jamie Lerner (pictured). “We have solidified access to significant capital, which, over time, will be used to strengthen our balance sheet and enable us to focus on executing our vision of revolutionizing data management solutions for the AI industry.”
The agreement with Yorkville is initially limited to 19.99% of outstanding shares.
Quantum will release financial results for its fiscal third quarter 2025 on Wednesday, 12 February, 2025, after the markets close.
