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Seagate finalizes acquisition of LSI's flash business from Avago

Seagate strengthens flash storage potential after completing deal for LSI's flash business from Avago
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Sep 2, 2014 10:33 pm

Storage giant Seagate has finalized the acquisition of LSI's Accelerated Solutions Division (ASD) and Avago's Flash Components Division (FCD). As the storage industry continues to evolve, Seagate wants to continue to expand its flash storage abilities. Seagate hopes to use the LSI ASD business unit's experience in PCIe flash products to help grow its own market share moving forward.

 

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"There is a growing opportunity for mobile and enterprise flash-based storage solutions, which is why we're excited about this strategic technology acquisition," said Steve Luczo, Seagate CEO, in a press statement. "Integrating LSI's Enterprise PCIe flash and SSD controller products, and its engineering capabilities into Seagate's leading storage technology portfolio and product development will expand our ability to meet a broader base of customers' needs and drive new revenue opportunities."

 

The storage industry has been extremely competitive - and relatively volatile over the past few years - with a number of high-profile acquisitions. Seagate has remained competitive against EMC, Western Digital, and other companies in the consumer and enterprise markets.

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