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Quantum and Interica Partner to Lower Cost and Increase Efficiency of Storing Oil and Gas Project Data
[March 14, 2017]

Quantum and Interica Partner to Lower Cost and Increase Efficiency of Storing Oil and Gas Project Data


SAN JOSE, Calif. and LONDON, March 14, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) and Interica today announced a joint solution which enables oil and gas organizations to add cloud archive storage to their exploration workflows. Interica has certified Quantum Lattus® private cloud object storage for use as an S3 storage target with Project Archive and Retrieval System (PARS®), Interica's advanced project data management solution. The combined solution lowers costs, improves data access and streamlines storage to achieve greater operational efficiency, helping companies confront data growth and tight budgets.

 

[Click to tweet: Oil and gas exploration data is available and secure with Interica PARS® and Lattus object #storage @QuantumCorp http://qntm.co/2mc3AXC]

Preserving the Value of Data for the Oil and Gas Industry
Effective exploration for oil and gas generates vast pools of extremely valuable data which must be managed properly. Exploration and production projects incorporate data characterized by a rich variety of sources, locations and file types. Preserving this data requires that it is organized, available, accurate, and enduring across time and technology changes.

The Combined Advantages of Quantum and Interica
In today's energy exploration and production environment, more companies are looking for ways to save cost, increase access to data, and streamline their operations. Quantum's Lattus private cloud object storage is designed to meet those objectives. It is a self-protecting, self-healing solution that uses 10TB low-power HDDs and cost-effectively scales from 100TB to hundreds of petabytes to deliver cost-efficient capacity, data protection and resiliency with a simple-to-operate, simple-to-scale private cloud architecture. Trusted by the oil and gas exploration industry for over 15 years, PARS® enables companies to manage complex digital content for long-term knowledge retention, compliance, and storage.

The combination of Lattus and PARS® enables users to leverage the benefits of cloud technology to preserve this data without the uncertainty and vulnerability of public cloud services and also offers a number of other unique strengths:

  • Scale: Seamlessly scales capacity to hundreds of petabytes and independently scales performance to match usage requirements.
  • Durability: Provides continuous data integrity checking and self-healing, for resilience against device failure and site disaster.
  • Safety and Security: Offers the scalability of public cloud, without the risks and unknowns.
  • Cost-Effective: Results in low, predictable operating costs independent of data access patterns.
  • Availability: Keeps all project data organized and accessible and clears out the clutter and duplicate storage to protect corporate assets and reduce risk.

PARS® ersion 4.4 adds support for public and private S3 destinations such as Lattus to its existing support for tape and disk storage systems, which includes Quantum's high-density Scalar® tape libraries and QXS™ disk storage. When paired with a Scalar tape library, PARS® combines the newest, most operationally efficient tape automation with Lattus for more accessible long-term storage. Data already archived in Lattus may also be copied to tape to protect against online threats such as ransomware, or to provide off-line storage or sharing with business partners, all while containing storage costs.

Availability
The Quantum-Interica solution is currently available worldwide.

Supporting Quotes
Simon Kendall, CEO, Interica
"With the massive changes being seen in the oil and gas industry, Quantum was the first storage provider to recognize the opportunity in working with Interica to deliver cost-effective, operationally efficient data retention and protection. In this rapidly developing market, Interica was pleased to collaborate with Quantum by developing an S3 destination to support Lattus object storage. Because Interica foresees almost all major international oil and gas companies testing or migrating to object storage, this relationship allows us to provide a certified and proven solution to the industry."


Geoff Stedman, Senior Vice President, Products and Solutions, Quantum
"Petroleum exploration and production data is an extremely valuable corporate asset requiring careful management. Many companies today in the oil and gas industry are actively seeking new ways to reduce operational costs associated with their existing storage infrastructure. Adding Quantum Lattus private cloud storage to Interica PARS® data management can substantially streamline IT operations for managing large amounts of project data."

Additional Resources

About Interica
Interica has provided sophisticated information management software and consultancy services to blue chip customers in Oil & Gas for over 20 years. Their range of expertly developed E&P technology solutions and services includes PARS® for long-term compliance and knowledge retention through intelligent archiving and Project Resource Manager™ for discovery, analysis, and reporting on how E&P project files are used and stored. These products are currently installed in over 200 locations worldwide. Interica has offices in the UK, USA and Asia to support its international operations.

About Quantum
Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum's end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.

Quantum, the Quantum logo, Lattus, QXS and Scalar are either registered trademarks or trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.

"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to: 1) benefits and value to customers from using Quantum and Interica joint solutions, including the combination of Lattus and PARS, and 2) customer demand for and Quantum's future revenue from such solutions, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. More detailed information about these 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," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 3, 2017 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 3, 2016, as amended, especially those risks listed in this section under the headings "Our results of operations depend on a limited number of products and on new product introductions, which may not be successful, in which case our business, financial condition and results of operations may be materially and adversely affected." Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Quantum Public Relations Contact:
Bob Wientzen
Quantum Corp.
+1 (720) 201-8125
bob.wientzen@quantum.com

Interica Public Relations Contact:
Joe Hardy
Interica Ltd
+44 1825 745100
jhardy@interica.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/quantum-and-interica-partner-to-lower-cost-and-increase-efficiency-of-storing-oil-and-gas-project-data-300423100.html

SOURCE Quantum Corp.


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