Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections

Western Digital to buy sTec to boost enterprise SSD play

  • Print
  • Share
  • Comment
  • Save

HGST, a Western Digital Corp. subsidiary, has announced an agreement to buy sTec, an enterprise solid-state drive (SSD) vendor, for about US$340m in cash.

 

The acquisition augments HGST’s existing solid-state storage capabilities to boost its play in the rapidly growing market for enterprise SSDs. HGST said it will stay committed to its joint development program with Intel Corp. for SAS-based SSD products.

 

The buyer said sTec had strong engineering talent and intellectual property that will complement its technical expertise and capabilities. HGST also vowed to continue supporting existing sTec products.

 

Steve Milligan, president and CEO of Western Digital, said, “Solid state storage in the enterprise will play an increasingly strategic role in the future of Western Digital. This acquisition is one more building block in our strategy to capitalize on the dramatic changes within the storage industry by investing in SSDs and other high-growth storage products.”

 

Mark Moshayedi, president and CEO of sTec, said the merger will enable the company's engineering team and IP to continue to make a significant contribution to the enterprise SSD space.

 

The board of directors of sTec has unanimously approved the merger agreement and has resolved to recommend that sTec shareholders approve the transaction at an upcoming meeting. If approved, the acquisition is expected to close in the third or fourth quarter of 2013.

Related images

  • Western Digital's SiliconDrive A100 SSD

Have your say

Please view our terms and conditions before submitting your comment.

required
required
required
required
required
  • Print
  • Share
  • Comment
  • Save

Webinars

  • Is Hyperconvergence a Viable Alternative to the Public Cloud?

    Thu, 31 Mar 2016 15:00:00

    Enterprise IT leaders are right to be skeptical of such bold claims. After all, is it really possible to deliver an on-premises infrastructure that delivers the same agility, elasticity, and cost-effectiveness of public cloud providers like Amazon Web Services? If you’re following the traditional IT model, with its many siloes and best-of-breed point solutions, the answer is, most likely, no. To truly deliver a viable alternative to public cloud, you need to look beyond traditional IT. Join Evaluator Group and SimpliVity to learn more about how hyperconverged infrastructure can deliver the efficiency, elasticity, and agility of public cloud."

  • "Single Pane of Glass” comes to your Datacenter facility & IT operations

    Wed, 24 Feb 2016 18:00:00

    Join Hewlett Packard Enterprise and RoviSys,as well as OSIsoft, for a webinar hosted by DatacenterDynamics’ CTO Stephen Worn, as they discuss the implementation of the “Single Pane of Glass” solution and some of its resulting benefits: •An estimated 10 Million kWh saved in the first full year of operation •Ability to easily meet “Best-Practices” throughout data center operations

  • Overhead Power Distribution – Best Practice in Modular Design

    Wed, 3 Feb 2016 16:00:00

    Overhead power distribution in your data center offers many attractive possibilities, but is not without its challenges. Join Starline's Director of Marketing, Mark Swift; CPI’s Senior Data Center Consultant, Steve Bornfield; and University of Florida's Joe Keena for an exploration of the options and some of the pitfalls, supported by real-life examples from the field.

  • White Space 29: See the diagram

    Fri, 29 Jan 2016 10:40:00

    Peter is investigating DevOps, Bill looks at security while Max is stuck on the infrastructure level

  • White Space 28: The good, the bad and the ugly

    Thu, 21 Jan 2016 12:10:00

    Join the DCD team again this week, as they discuss AMD's ARM based efforts, waste heat, BT's EU deal and cloud for Canucks and much more! Enjoy.

More link