Quantum Announces Expanded Global Partnership Model To Grow Presence Across The Key Markets Of South Korea, Japan, Australia And New Zealand
Portfolio Pulse from Benzinga Newsdesk
Quantum Corporation (NASDAQ:QMCO) announced the expansion of its global partnership model to include South Korea, Japan, Australia, and New Zealand, aiming to grow its presence in these key markets. The company has entered into exclusive distributor agreements with TS Line Systems for Korea, ACA Pacific for Australia and New Zealand, and NGC for Japan. These partnerships, built on existing relationships and joint customers, are expected to enhance Quantum's end-to-end data management solutions' reach and efficiency. The expansion follows successful developments in other Asia-Pacific markets and is part of Quantum's strategy to leverage AI and machine learning to optimize unstructured data management. The new distributor agreements will see an increase in dedicated sales and marketing resources and continued joint support and services for customers in the region, with deployment set for the second quarter of calendar year 2024.
April 30, 2024 | 8:59 pm
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Quantum Corporation expands its global partnership model to South Korea, Japan, Australia, and New Zealand, entering exclusive distributor agreements to enhance its market presence.
Quantum Corporation's announcement of expanding its global partnership model and entering into exclusive distributor agreements in key markets is likely to be viewed positively by investors. This strategic move not only demonstrates Quantum's commitment to growing its international presence but also its focus on leveraging AI and machine learning for unstructured data management. The partnerships with established distributors who have a deep understanding of Quantum's solutions and existing joint customers are expected to enhance the company's ability to scale its footprint more efficiently. This expansion follows Quantum's success in other Asia-Pacific markets, indicating a well-thought-out strategy to optimize growth opportunities in the AI era. The increase in dedicated sales and marketing resources and the continuation of joint support and services for customers in these regions further support the potential for positive short-term impact on Quantum's stock price.
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