January 25, 2018

Quantum has a new CEO

Quantum (NYSE:QTM) has announced recently the arrival of a new President and CEO, Patrick Dennis, coming from Guidance Software.

He was President, CEO and director at Guidance since 2015 where he concluded the acquisition by OpenText in September 2017 for a price around $222 million according to the acquirer. Before he was SVP and COO of EMC Cloud Management Division for 2 years, 1 year at Oracle as Group VP for North American Storage Sales and previously at EMC again and Eastman Kodak.

How this sign could be interpreted as Patrick Dennis has worked in M&A and most recently finalized an exit. Is it the future of Quantum or a revival of the company as a string leader of secondary storage with so many interesting products. At least we can expect some internal changes to shake the palm and give clear positive indicators to the market and industry.

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