November 27, 2014 1:13 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of QuorumLabs, Inc.

Company Overview

QuorumLabs, Inc. provides backup, recovery, and continuity solutions for small to mid-size businesses in the United States and internationally. It offers Quorum onQ Archive Vault, a solution that provides customers to create long term archive backup of their critical data; Quorum onQ appliance, a disaster recovery appliance that maintains up-to-date ready-to-run virtual machine clones of critical systems that can run right on the appliance; and One-Click Hybrid Cloud Solution/Disaster Recovery as a Service that provides a way to recover the critical applications and data in the cloud after any storage, systems, or site failure. QuorumLabs, Inc. was formerly known as Quorum Technologies, Inc....

2890 Zanker Road

Suite 102

San Jose, CA 95134

United States

Founded in 2007

Phone:

408-708-4500

Fax:

510-490-5529

Key Executives for QuorumLabs, Inc.

Chief Executive Officer
Chief Financial Officer
Director of Operations
Chief Technical Officer
Age: 52
Senior Vice President of Sales and Business Development
Compensation as of Fiscal Year 2014.

QuorumLabs, Inc. Key Developments

Quorum Unveils onQ Flex to Offer Businesses Unparalleled Data Protection Control and Flexibility

Quorum announced onQ Flex, a new extension that delivers on-demand one-click disaster recovery. As part of Quorum's award-winning onQ Disaster Recovery as a Service (DRaaS) product, onQ Flex empowers businesses to designate the data recovery priority level for each server from instant to on-demand according to unique Recovery Time Objectives (RTO) offering customers many of the benefits of a replicated data center at a fraction of the cost.

Hayes E-Government Resources, Inc. Leverages Quorum's Integrated Disaster Recovery-As-A-Service Solution in ProtectCloud HA to Eliminate Downtime for Midmarket Government and Education Customers

Quorum announced a strategic partnership with Hayes E-Government Resources, Inc. Through this partnership, Hayes leverages Quorum's integrated disaster recovery-as-a-service (DRaaS) solution in its ProtectCloud HA to eliminate downtime for its midmarket government and education customers. Powered by Quorum, Hayes ProtectCloud HA solution provides comprehensive data protection and server availability to its considerable midmarket government and educational customer base. The solution leverages Quorum's single-step DRaaS technology for business continuity and on-demand application restoration; DR diagnostics and testing capabilities are also included, ensuring ProtectCloud HA will perform as expected in the event of a disaster. Under this partnership, one Quorum appliance will reside on the customer's premises to back up servers and provide onsite high availability (HA); the second will reside in Hayes' data center. Aside from the technology, the partnership also allows for a novel support and pricing model. Through Hayes, Quorum can be purchased via Florida state contract, which effectively eliminates the need for customers to go through an RFP. In addition, public and commercial companies can buy off the Hayes contract as a sole source outside of Florida. Whether caused by hardware or software failure, human error, or natural disaster, system downtime can shut down critical systems and bring business operations to a halt. This is especially devastating for government and educational organizations, whose thousands of customers and students rely on them for day-to-day necessities. With Quorum, downtime events are essentially eliminated, ensuring instant asset restoration so that daily activities remain uninterrupted and business continuity prevails.

Quorum Names Edward Sharp as New CEO

Quorum(R) announced the appointment of a new CEO. Edward Sharp, former vice president of emerging products at NetApp, will take the reins from interim CEO Walter Angerer effective immediately, continuing to drive the company momentum that characterized Angerer's tenure. Before joining Quorum, Sharp spent 15 years at NetApp in various positions before his final role there as vice president of emerging products. In this capacity, he led emerging businesses at NetApp in the areas of mobile, data protection, flash and object storage. Sharp's previous roles at NetApp include vice president of product strategy and operations, vice president of data protection, and senior director of pricing and strategic planning. Prior to NetApp, Sharp spent several years as a consultant at McKinsey & Co. and served as general manager for the National Water Commission.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 3, 2014
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