Quantum Corporation (NASDAQ: QMCO) acquired the ActiveScale™ object storage business from Western Digital Technologies, Inc., a subsidiary of Western Digital Corp. (NASDAQ: WDC).
The amount of the deal was not disclosed.
With the acquisition, the ActiveScale product line adds object storage software and erasure coding technology to Quantum’s portfolio, enabling the company to expand its product offerings in the object storage market.
Led by Jamie Lerner, President and CEO, Quantum provides technology and services for customers to capture, create and share digital content – and preserve and protect it for decades. With solutions built for every stage of the data lifecycle, the company’s platforms provide fast performance for high-resolution video, images, and industrial IoT. They are used by leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers.