NEW YORK, Oct. 28, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Violin Memory, Inc. (OTCQX: VMEM), a company that designs and distributes data storage hardware and software, has qualified to trade on the OTCQX® Best Market. Violin Memory previously traded on the New York Stock Exchange.
Violin Memory begins trading today on OTCQX under the symbol "VMEM." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX will allow Violin Memory to continue to provide an efficient and transparent public trading market for its investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We are pleased to welcome the company to the OTCQX market and look forward to supporting its growth."
"Violin Memory created the all flash storage array market ten years ago and is transitioning to a full suite of flash storage software solutions to complement the company's full range of scalable hardware to meet the ever increasing storage demands of Fortune 1000 companies," said Ebrahim Abbasi, Chief Operating Officer of Violin Memory. "Violin's products are uniquely suited to meet the needs of enterprise private and hybrid cloud environments. Trading on OTCQX will allow our investors to have a public trading outlet."
About Violin Memory, Inc.
Violin Memory, the disruptive innovator in All Flash Arrays, is revolutionizing how businesses operate by enabling storage technology to Be Instrumental to their company by changing the SLAs and capabilities of private, hybrid and public cloud environments. The Flash Storage Platform™, powered by Concerto OS™, a fully integrated storage operating system, is the industry leader in the combination of every significant category measured in all flash arrays: low latency, affordability, density, scalability and performance. With tightly integrated data services, the Violin Flash Storage Platform provides a unique combination of data protection, business continuity, and data reduction services onto a flexible, uniquely scalable solution called Scale Smart™, delivering significant CAPEX and OPEX savings. Founded in 2005, Violin Memory is headquartered in Santa Clara, California. For more information, visit www.violin-memory.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-violin-memory-to-otcqx-300353528.html
SOURCE OTC Markets Group Inc.