Qualstar Intends Acquisitions

Qualstar Corporation announced its corporate update including its intentions to pursue acquisitions of companies in the data management software and hardware systems spaces.

The Qualstar Advantage

• Well established and known brand in the storage industry.
• Highly scalable automated magnetic tape libraries used to store, retrieve, and manage electronic data primarily in a network computing environment.
• Storage solutions that scale with the demands of businesses.
• Growing global customer base throughout North America, South America, Europe, and Asia.
• Strong financials with no debt and a track record of profitability.
• N2Power subsidiary designs and manufactures ultrasmall, high-efficiency open-frame power supplies.

Our Market
The storage market is projected to grow from $57 billion in 2022 to $150 billion in 2032.1 Qualstar is focused on being a global leader throughout the industry, addressing the growing demands of the datasphere which is expected to increase from 33ZB to 175ZB by 2025.2

Data stored on tape libraries is reliably stored, managed, and accessible, making it a solution for the growing demands of the storage industry. Tape storage maintains data integrity for up to 30 years and can be air-gapped, making it more secure from cyberattacks and ransomware. Compared to HDDs, optical storage devices and other storage alternatives, tape is still the most cost-effective storage solution on a TCO basis.

Company History and Future
Founded in 1984 in Southern California, it has established a reputation for service and reliable products, offering a range of tape libraries in various sizes and configurations being used by customers in a range of industries, including M&E, oil and gas, government and military, education, IT, medical imaging, banking, surveillance, and storage centers.

Leveraging off 40 years of continued success in the hardware space, it is pursuing expansion opportunities in the data management software and hardware spaces through acquisitions and partnerships. With thousands of active machines being used throughout the storage industry, it intends to expand its products and service offerings by providing software solutions in addition to tape libraries supported by IBM LTO drives, reaching new customers, expanding the business, and increasing profit margin.

*As of July 8, 2024    
**As of June 30, 2024                                                           

1. Global Market Insights, Next Gen Storage Market (2023)
2. IDC, Data Age 2025 (2018)