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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

Michael Hatamoto | Sep 2, 2014 at 05:33 pm CDT (0 mins, 51 secs reading time)

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.

Seagate finalizes acquisition of LSI's flash business from Avago | TweakTown.com

"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.

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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