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Quantum Corporation: Quantum Further Strengthens Executive Team With Appointment of Jerry Lopatin as Senior Vice President, Engineering
3/12/2008 9:16:00 AM ET Related symbols: IBM KMAG KMAGQ KOMG NTAP QTM
Market Wire
- Quantum Corp. (NYSE 'Jerry possesses a rare combination of vision, deep technical knowledge and strong operational skills that will be of tremendous benefit to Quantum,' said Belluzzo. 'He will play a key leadership role as we continue to develop more integrated, higher-value solutions for protecting and retaining customers' data.' Lopatin spent six years at Network Appliance, two of them as senior vice president, worldwide engineering. In that role, he led a 1,000-person software and hardware engineering team across five sites worldwide, creating products that generated over $2 billion in annual revenue. Before that, Lopatin was general manager of the company's NearStore business unit, where he grew this disk-based backup and archive product line from the ground up to an industry-leading position and $250 million in annual revenue in less than three years.
At ONStor, Lopatin served as senior vice president, engineering, operations and customer support and was a member of the executive team. He played a key role in growing revenue 250 percent in his first year at the company, delivered five major software releases, drove the launch of ONStor's integrated storage offering, and achieved significant improvements in data availability and integrity.
Prior to Network Appliance and ONStor, Lopatin held leadership positions at Iomega, Samsung Electronics, Seagate and Komag and spent the first nine years of his career at IBM, all involving storage device technology.
Lopatin is the inventor on two issued patents, with two other patent applications pending, and has several published inventions. 'Quantum clearly has some significant assets, including its DXi"-Series family of disk-based backup and recovery systems with data de-duplication and replication, its StorNext clustered file system, and its industry-leading tape automation portfolio,' said Lopatin. 'I look forward to working with the engineering organization and the rest of the senior management team to further integrate these assets and provide customers with the innovative solutions they need for addressing their evolving storage challenges.' About Quantum
Quantum Corp. (NYSE
Quantum, the Quantum logo and StorNext are registered trademarks of Quantum Corporation and its affiliates. DXi is a trademark of Quantum Corporation. All other trademarks are the property of their respective owners. 'Safe Harbor' Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release may contain 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, without limitation, statements relating to 1) Mr. Lopatin's future contributions to Quantum and 2) benefits to Quantum resulting from such contributions are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties. As a result, actual results may differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially from those described herein include, but are not limited to, operational difficulties, technical limitations, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements. More detailed information about these risk factors, and additional risk factors, are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled 'Risk Factors,' on pages 36 to 46 in our Quarterly Report on Form 10-Q filed with the SEC on February 8, 2008 and on pages 12 to 21 in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 13, 2007, as amended, and those described in any subsequently filed reports. Such reports contain and identify important factors that could cause actual events and results to differ materially from those contained in our projections or forward-looking statement. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Former Network Appliance Executive to Play Central Role in Expanding Company's Portfolio of Integrated Storage Solutions
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