With over thirty years of experience in the storage sector and a complex relationship with Quantum, Meyrath aims to guide the business toward steady growth and profitability.

“I am extremely excited to continue my journey with Quantum, now as CEO. I look forward to working more closely with the Quantum team to unlock growth opportunities,” Meyrath stated.

According to Quantum’s capital restructuring update, it has raised about USD 60 million through a standby equity purchase agreement and is working with lenders to restructure the remaining USD 146.4 million in debt. These initiatives are part of Quantum’s plan to preserve its core products while strengthening its market position with new product initiatives.

With short-term obligations exceeding liquid assets, the company’s current ratio of 0.37, according to InvestingPro data, indicates significant short-term liquidity issues. To meet the changing demands of AI-driven businesses, Quantum is pursuing growth prospects while also undergoing leadership changes. The company is facing significant challenges with revenue down 18% year-over-year and analysts predicting further declines.

This update on capital restructuring and the executive transition is based on a press release from Quantum Corporation. In other news, Quantum reported preliminary fiscal fourth-quarter financial results, estimating revenue of USD 65-67 million and a gross margin of approximately 44%. By mid-June 2025, the company will release its final results and anticipates a GAAP net loss of about USD 32.5 million.

Quantum has strategically added more capacity and security features to its data storage solutions by integrating LTO Ultrium format generation 10 full-height tape drives into its Scalar tape library systems. Furthermore, under a Standby Equity Purchase Agreement, Quantum’s shareholders have authorised the issuance of up to USD 200 million in common stock.

Meet Hugues Meyrath

The current president and CEO of Quantum Corporation, Hugues Meyrath, brings a wealth of international experience and education to his leadership position. He holds an MBA from the University of California, Berkeley, and a Bachelor of Engineering from the Université catholique de Louvain in Belgium. His career in the tech sector has been shaped by this blend of technical expertise and business acumen.

In the early 2000s, Meyrath worked for companies like Strategic Business Systems, Juniper Networks, Brocade Communications, and Quantum Corporation, where he held key positions. Data storage, business development, and enterprise networking were the focal points of his early career. From 2014 to 2017, as Vice President at Dell Technologies Capital, he advised technology startups and focused on venture capital. He then became Chief Product Officer at ServiceChannel, a SaaS (Software as a Service) platform for facilities management, where he contributed to the company’s growth before and after its acquisition by Fortive.

Meyrath joined Quantum’s Board of Directors in September 2022, and in June 2025, he was appointed CEO. His more than thirty years of experience in venture capital, hardware, software, and product strategy are reflected in his appointment. His vision as CEO is product- and data-driven, aiming to advance Quantum’s innovation in data management and storage solutions. It’s a full-circle moment for him to return to Quantum and take the helm of the organisation where he began his early career.

Image Credits: Quantum Corporation

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Gjura will join Chargebacks911’s innovative team leaders as they build upon the company’s North American efforts and expand opportunities in Europe. His efforts will focus primarily on assisting merchants in verticals with emerging risk, as well as expanding deeper, exclusive relationships with leading aggregators, third-party vendors, acquirers and financial institutions.

Gary Cardone, CEO of Chargebacks911 said, “I have admired Kristjan for years and couldn’t be more thrilled that he is joining us at such a pivotal time in the industry. He has broad and diverse connections and an impressive understanding of payments and fraud. But what really attracted us to Kristjan is his ethics and philosophy of doing business. Monica Eaton-Cardone and I built this business under one shared belief system— to be best-in-class, to exchange in abundance, and to ensure every commercial deal that is done is a measurable win-win for all parties involved.  Kristjan has built a track record in perfect alignment with these same principles.”

“The world we are living in is driving unparalleled transparency—and subsequent efficiencies. Without clear and measurable value propositions, many business models will fail in the next two to five years. While many businesses in payments have been designed around exploiting inefficiencies, our objective is to make payments more efficient; to help eradicate friction, leakage, and losses; and to design products, technology and services built to solve problems— not exploit them. Kristjan, in tandem with the other key team members, will help play a critical role in this process,” he continued.

Kristjan Gjura joins Chargebacks911 from Ethoca, bringing over a decade of financial sector experience from his time with B+S Card Service and Deutsche Card Services. He added, “It’s a thrill to join Chargebacks911. I’m looking forward to help in supporting the company’s global expansion and further its leadership role across the payments industry. Chargebacks911’s unrivaled and comprehensive chargeback technology—directed at the actual problem, not the symptoms— was simply too attractive and compelling to pass up.  It is very rare to see a company able to successfully scale and scope in the global payments industry without outside funding or investors. Their unique approach— including their understanding of the problems, technology, and intellectual capital— is unequalled. I’m honoured to be a part of it.”

Gjura will be instrumental in bringing Chargebacks911’s services to the European market and advancing the company’s award-winning, global chargeback management platform.

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March 21, 2017: PFSOFT, the global fintech developer of multi-asset brokerage and trading solutions, has recently integrated its Protrader multi-asset brokerage solution with InterTrader Ltd.

InterTrader provides multi-asset-class liquidity across forex, indices, commodities, equities, bonds and interest rates, with access to large ECN liquidity pools of Tier 1 financial institutions.

Shai Heffetz, Managing Director of InterTrader, said, “We’re convinced that Protrader brokers will appreciate our exceptional liquidity. We offer a low-latency trading environment combined with multiple execution venues to provide best execution prices. Our service has attracted many partners to date, including FCA-regulated asset managers and investment funds.”

With its ‘matched principal’ model, InterTrader remains 100% market-neutral to its clients’ positions, aligning the best interests of broker and client. Additional security is provided by InterTrader’s innovative parental guarantee indemnifying all client funds. The parent company of InterTrader Ltd is GVC Holdings PLC, currently capitalised at £1.8bn.

PFSOFT developed the InterTrader integration at the request of one of its partner brokers. Now all Protrader brokers can use this integration to execute their trades with InterTrader via the platform’s FIX API.

Roman Nalivayko, Global Head of Business Development at PFSOFT, said, “We are very glad to satisfy our client’s request by including InterTrader in Protrader’s integrations. We have designed our brokerage solution as liquidity-neutral, which means that we are ready to integrate Protrader with LPs of our clients’ choice. Brokers are free to choose their own execution model and executing counterparty because we believe that they are best suited to decide what’s good for their business. This freedom of choice gives our clients more flexibility and control.”

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Ian Kerr

March 20, 2017: India is on the move towards digitisation in trade. Our attendance at this year’s GTR India Trade and Treasury Conference in Mumbai certainly confirmed that. With delegates from more than 120 companies and the key banks in the region all energetically networking, we had an excellent opportunity to establish new contacts, strengthen existing relationships and take the pulse of the Indian market.

From our perspective, India looks very positive, advancing towards the national government’s target of increasing digitisation in all spheres of life, whether through a massive rollout of internet access, electronic payments and digital ID systems, or more importantly for us, through increasing readiness to convert to electronic presentation in trade documentation.

A strong sense of the upbeat approach to digitisation came in a panel I moderated looking at ‘Trade digitisation and its application for India: successfully implementing fintech into your company model’. This involved a discussion between Rugved Dhumale, Deputy Treasurer, Petrochemicals at Reliance Industries, and Rakesh Patwari Head of Business Development, Global Trade and Receivables Finance at HSBC India.

The pair reflected on the first digital transaction between Reliance and a customer in Italy, supported by HSBC and which was completed using the Bolero platform. Since it was also the first document exchange of its kind in India, they also discussed the potential benefits and challenges of wider trade digitisation for the country as a whole.

Rugved explained that the transaction had been two years in the planning, but it was the first step in the growing acceptance of digital trade documentation. Although there were various technologies available, the advent of Bolero meant the time for digitisation had arrived, given its ability to accommodate complexity and the differing nature of each transaction for the benefit of all of the counterparties.

Rakesh said digitisation was part of a ‘generational shift’ in international trade and part of HSBC India’s role as a facilitator. “Our purpose is to make the process simpler and smoother, and this (Bolero) brings visibility to every single stakeholder,” he explained.

Having the backing of such huge and respected Indian companies and institutions such as Reliance Industries and HSBC India is very significant step to help to increase digitisation in trade documentation. At Bolero, we already have important Indian banks as members of our community and after speaking to many of the corporate representatives at the event, it became clear that our digital innovation is now resonating very well among the country’s exporters.

There clearly is a groundswell of interest, encouraged by the recent report from Maersk and the Confederation of Indian Industry. Entitled ‘Stimulating India’s EXIM by reducing costs of trade’, this report showed how Indian exports could be boosted by between five and eight per cent if greater priority were given to infrastructure improvements, digitisation and the reduction of regulatory burdens and delays. It demonstrated that inefficiencies can account for anything between 38 and 47 per cent of the total logistics cost. A reduction of 10 per cent in these costs could yield more than $5 billion cost savings each year, a figure that should catch the eye of Indian regulators as well as the country’s corporates.

Although India is not currently as advanced as China in trade digitisation, the potential is huge, given that export growth projections for the country are considerably more than seven per cent for 2017-2018. In China, where Bolero already has many important customers, the realisation that exports will be required to sustain stellar growth rates has prompted the government to push the pace with a series of steps, including the establishment of export credit facilities.

Nonetheless, in India, there is now a real desire to embrace digitisation, led by companies with the vision and enthusiasm such as Reliance. There was no doubt that there is an upbeat mood in this fast-developing economy and trade digitisation should be very much at the centre of this remarkable country’s rapid emergence as one of the world’s great exporting economies.

Ian Kerr is the CEO of Bolero International

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Suparna Goswami Bhattacharya

May 25, 2016: From the time sanctions have been lifted on Iran, it has become a hot destination for investments globally. And there are ample reasons for this interest.

First, one must understand the opportunity that Iran presents and just how high the stakes are. With a GDP of approximately $1.4 trillion, Iran is the 18th largest economy in the world and accounts for 1.5 per cent of the world’s GDP.

In fact, technically, Iran’s economy is better than most countries in Asia and the Middle East. Most Asian economies are still trying to shift out of their dependence on agriculture while the Middle Eastern nations are figuring out a way to diversify from oil. Compared to this, Iran has a strong infrastructure and industrial base. While oil & gas contribute 25% to the country’s wealth, automobile, agriculture, manufacturing & mining industries contribute 10% each.

China won’t be happy

But, China will not be particularly pleased now that Iran is ‘open to all’. Driven primarily by economic interests, the Dragons saw a great opportunity in Iran when other foreign firms retreated in 2011-12.

Erika Welch, Director of Business Development, Middle East, Solidance, says, “As Iran became increasingly estranged from the global economy, China stepped into a lucrative market with no competition in sight. This was feasible for China, as companies there adhere only to the Letter of Resolution 1929, which contains no explicit restrictions on energy investment or trade.”

According to the International Monetary Fund (IMF), trade between China and Iran soared from $4 billion in 2003 to $53 billion by 2013.

In January this year, Chinese President Xi Jinping met Iranian President Hassan Rouhani. They agreed to increase bilateral trade to $600 billion by 2026.

However, it is natural that an open economy will lead to competition between old and new partners. Iranians now crave ‘better quality’ European and Western products. The last few years saw Iranians boycott both Chinese and locally manufactured cars. In high quality sectors such as pharmaceuticals, food and beverages, Iranians prefer obtaining production licences from their European counterparts.

Nadereh Chamlou, International Development Advisor and former Senior Advisor of the World Bank, says, “Iran is now looking for top-grade technology, which China does not provide. But the West is also importing from China because of cost competitiveness. There is no reason for Iran to substitute a large share of its Chinese imports for the far more expensive European products.”

Dr Siamak Goudarzi, CEO, Open Iran Group, agrees Iranians are looking for higher quality products. “If America decides to open its market for Iran, it could pose a real threat to China and even Europe, as people are eager to try American products. It has been almost 40 years since the US has shut its market for Iran,” says Goudarzi.

Old business partners

Since January, many Asian and European countries have made a beeline to Iran to gauge the market and start establishing relationships while their American counterparts are merely looking on, thanks to strict compliance regulations prevalent in the country.

“I would say India, with its fast developing economy and close ties with Iran, is one of the countries that will pose a major threat to China,” says Goudarzi.

Additionally, China can expect face stiff competition from Japan, South Korea and Europe.

“German and Japanese products in particular have strong consumer perceptions in Iran, and Iranians are looking forward to the flood of these foreign products,” remarks Welch.

Having said that, there are advantages that China enjoys.

Yeganeh Eghbalnia, Senior Investment Analyst, Turquoise Partners, is of the view that China has progressed in many strategic industries compatible with their European and American counterparts. “Iranian and Chinese companies, who have been working together over the past 10 years, have developed a comfort level in terms of accountability and compatibility in doing business. Hence, those successful business models will continue to work after sanctions,” says Eghbalnia.

Who will win over the Iranians, only time will tell. For now, Iran is enjoying the new-found attention.

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