| Home : June 25 2013 Computer News : Western Digital to acquire sTec to expand in enterprise SSDs |
|
Western Digital to acquire sTec to expand in enterprise SSDs |
June 25, 2013
Western Digital plans to acquire sTec to boost its presence in the market for enterprise solid-state drives.The two companies have signed a definitive agreement under which sTec will be acquired by HGST, a wholly-owned subsidiary of Western Digital, for about US$340 million in cash.The sTec acquisition will enable HGST to accelerate its participation in enterprise SSDs, Western Digital said Monday.STec in Santa Ana, California, will be integrated with HGST which already has a SSD product line. HGST will continue to support existing sTec products and work with customers to understand their future requirements.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2042920/western-digital-to-acquire-stec-to-expand-in-enterprise-ssds.html#tk.rss_all
|
|
|
|
|
