Consolidation of Quantum Corporation's subscription software lowers customer costs
Building on the acquisitions of Pivot3's surveillance business and EnCloud's hyperconverged software in 2021, Quantum Corporation has announced the Unified Surveillance Platform (USP), a single resilient software package for managing video camera data. While previously camera compute, storage, and networking needed to be handled separately, USP combines these features into running on one standard server with up to 1 petabyte of storage. USP will be licensed with a subscription payment model with terms of variable lengths.
Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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