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WD expands enterprise flash storage portfolio by acquiring Virident

Western Digital buys Virident Systems in a move to expand enterprise flash storage portfolio.

@CharlesJGantt
Published Mon, Sep 9 2013 2:46 PM CDT   |   Updated Tue, Nov 3 2020 12:21 PM CST

Today, Western Digital announced that it has acquired Virident Systems, a key player in the enterprise flash storage industry. The announcement says that the two companies have entered into a definitive merger agreement where Virident will be acquired by HSGT, a subsidiary owned by Western Digital.

WD expands enterprise flash storage portfolio by acquiring Virident 1 | TweakTown.com
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"We have established a competitive position in the enterprise SSD space and with our recently announced acquisitions we are increasing our commitment to become an even more significant player in this high growth segment," said Steve Milligan, president and chief executive officer, Western Digital. "Virident has a proven leadership team and a culture of innovation. Its combination of great people, leading products and advanced technology will enhance our increasingly strategic position in enterprise storage."

Western Digital has reportedly paid approximately $685 million in cash for Virident, of which $645 million represents the enterprise value of Virident. Western Digital says that Virident CEO Mike Gustafson will join HGST as a senior vice president and will head up the Virident team under HSGT President Mike Cordano.

"The Virident acquisition is a continuation of HGST's strategy to address customers' rapidly changing storage needs by delivering intelligent storage devices that tightly integrate hardware and software to maximize solution performance," said Cordano. "Virident's server-side flash storage helps datacenter customers solve their most significant data infrastructure challenges, including application performance across diverse workloads, power efficiency, and total cost of ownership. We welcome the Virident team to HGST and look forward to further accelerating their momentum."

WD expands enterprise flash storage portfolio by acquiring Virident 2 | TweakTown.com

"The Virident vision is centered on leading the flash platform transformation. This includes advancing adoption of server-side flash storage, software and solutions in next-generation datacenters. Bringing technology leadership and substantial business advantage to customers is our mission and drives our team every day," said Gustafson. "I want to recognize and thank our employees and founders for the combination of vision and execution. We are excited to join HGST and accelerate the growth of our business, partnerships and value."

NEWS SOURCE:wdc.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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