Quantum Corporation (NASDAQ: QMCO) stock is on a significant uptick today after revealing its latest data protection solution. As of the latest market check, QMCO shares were surging by 32.42%, trading at $14.91. The spike follows the announcement of Quantum GO Refresh for the DXi T-Series, a new offering aimed at enhancing data security and recovery capabilities for enterprises.
Introduction of Quantum GO Refresh for DXi T-Series
The idea of its latest product, Quantum GO Refresh, is to give users greater options for their data security plans. This solution offers a full subscription model for the DXi T-Series all-flash backup appliances.
Along with the extra advantage of frequent hardware upgrades as technology advances, this covers hardware, software, and support. The action is especially necessary as ransomware and other cyberattacks are becoming a bigger danger to businesses, making dependable and quick recovery options essential.
A Flexible, Economical Subscription Model
Quantum GO Refresh aims to make enterprise-grade data protection more accessible and predictable. By offering a pay-as-you-go subscription model, organizations can now avoid hefty upfront investments.
With the guarantee that both software and hardware will be regularly updated, businesses instead have the freedom to grow their data protection solutions as needed. With this strategy, companies may concentrate on their expansion rather than on device lifecycles or unforeseen expenses.
Improved Cyber Resilience and Streamlined Procurement
The new solution addresses the limitations of traditional data protection methods, which often rely on cloud storage and HDD-based backup systems. These older systems are inefficient, slow to restore, and come with unpredictable networking and egress fees.
Quantum GO Refresh, in contrast, offers a high-performance, on-premises solution with quick recovery times and immutable data copies stored on all-flash DXi T-Series systems. It promises a future-proof, low-cost solution that enhances cyber resilience and ensures business continuity.
Quantum GO Refresh is now available through the company’s global network of resellers, with subscription agreements ranging from three to five years. The offering is expected to expand to other QMCO solutions later this year.