DALLAS, Nov. 9, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Quantum Corporation (NYSE:QTM). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Quantum Corporation (NYSE:QTM) should be of particular interest to data storage devices companies: Adaptec Inc. (Nasdaq:ADPT), Western Digital Corporation (NYSE:WDC), Seagate Technology (Nasdaq:STX) and NetApp Inc. (Nasdaq:NTAP).
It is available at: http://www.investorsoup.com/lp/QTM
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Quantum Corporation (QTM) operates as a storage company that provides backup, recovery and archive solutions. The Company offers a range of disk, tape and software solutions for information technology departments in various organizations to protect, retain and access their digital assets.
Message Board Search for QTM: http://www.boardcentral.com/boards/QTM
In the report, the analyst notes:
"Industry data suggests the market for target based deduplication systems is growing substantially despite the challenging economic environment. In the past two months, QTM has introduced new products and enhancements to build out its edge-to-core product and solutions portfolio including the DXi2500-D, Quantum Vision 3.0, the esXpress(TM) backup software module and qualified the DXi7500 with Symantec OpenStorage direct-to-tape capability. Recently, analyst firm Enterprise Strategy Group (ESG) has validated that the integration of Quantum DXi(TM)-Series disk-based backup and deduplication appliances with Symantec NetBackup OpenStorage API provides a comprehensive data protection solution for multi-site environments.
"It's been a tough year for the data storage industry, global IT spending falling 10% in the first half of this year...However, analysts have reported hopeful signs for the sector in recent months, as North America sales contacts related to data storage has started, with deal closure rates improving. The global storage market is currently a $45 billion a year industry and it is anticipated to grow to $50 billion a year by 2010 with archived storage forecast to increase from $9 billion in 2007 to $23 billion in 2010. Market research firm iSuppli expects global cloud storage system revenue to rise to $5 billion in 2013, up from $1.6 billion in 2009."
To read the entire report visit: http://www.investorsoup.com/lp/QTM
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