Acquisition Augments HGST’s Data Center Storage Solutions Strength and Expertise
Acquisition Augments HGST’s Data Center Storage Solutions Strength and Expertise
Press Release
IRVINE, Calif. — Dec. 15, 2014 — Western Digital® Corp. (NASDAQ: WDC) and HGST announced today that HGST has completed an all-cash acquisition of Skyera, a developer of solid-state storage systems for scale-out cloud and enterprise data centers. Terms of the transaction were not disclosed. Skyera will be fully integrated into HGST, a wholly owned subsidiary of Western Digital Corp. Skyera will augment HGST’s existing solid-state storage capabilities and portfolio, and allow HGST to broaden its scope of innovation to capture new and growing opportunities in data center storage infrastructure. The acquisition brings engineering talent and intellectual property that will further strengthen HGST’s technical expertise and resources.
“Western Digital has established a leadership position in the fastest growing areas of the storage industry,” said Steve Milligan, president and chief executive officer, Western Digital. “The Skyera acquisition supports our strategic growth objectives and plans to deliver long-term value to customers, shareholders and employees.”
With the broadest storage solutions portfolio in the industry, HGST is helping customers and partners build tomorrow’s IT infrastructures today. From Tier 0 workloads to long-term storage and active archive, HGST’s data center storage solutions help manage the enormous volume, velocity and variety of data, giving customers better efficiency and reliability for managing data through its lifecycle. HGST is developing innovative products that address the rapidly evolving needs of cloud service providers and enterprises through the tight integration of advanced software and hardware. HGST’s unique innovations create more adaptive and efficient IT infrastructures that help organizations better manage data across its lifecycle to extract greater value from the information it holds.
“Western Digital and Skyera have had a long-term strategic partnership. By combining Skyera’s innovative flash platform with HGST’s leading solid-state storage solutions and flash virtualization software we plan to provide breakthrough value and capabilities to help customers transform their cloud and enterprise data center infrastructure,” said Mike Cordano, president of HGST. “Flash solutions represent a large, exciting growth area for HGST and uniquely complement our existing portfolio.”
About Western Digital
Founded in 1970, Western Digital Corp. (NASDAQ: WDC), Irvine, Calif., is an industry-leading developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content. Its HGST and WD® subsidiaries are long-time innovators in the storage industry. Western Digital Corporation is responding to changing market needs by providing a full portfolio of compelling, high-quality storage products with effective technology deployment, high efficiency, flexibility and speed. Our products are marketed under the HGST, WD and G-Technology® brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company’s Investor Relations website at investor.wdc.com.
About HGST
HGST is a wholly owned and independently operated subsidiary of Western Digital Corporation (NASDAQ: WDC). HGST sets the pace for storage innovation and is helping the world harness the power of data. Building on its reputation for producing reliable HDDs, SSDs, and developing tighter integration with software, HGST is optimizing storage efficiency and reliability for today’s data-centric economy. Founded by the creators of the hard drive, HGST serves a broad range of market segments, including enterprise, cloud, OEM, mobile, consumer electronics and personal storage. HGST was established in 2003 and maintains its U.S. headquarters in San Jose, California. For more information, please visit www.hgst.com.
Source: www.wdc.com
