On March 17, 2013 we reported that WD was investing a huge sum of money into the SSD sector, in fact they invested $51 Million to an Enterprise SSD manufacturer Skyera whose primary focus is to provide cost effect storage solution. Having gotten a taste of what Skyera has to offer, HGST (a Western Digital division) has announced the all-cash acquisition of Skyera.
“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.”
The terms of the transaction were not disclosed, but Skyera will be fully integrated into HGST and bring along the acquired engineering talent and intellectual property that will further strengthen HGST’s technical expertise and resources. HGST now has the broadest storage solutions portfolio in the industry, able to serve pretty virtually any level of users.
Thanks to HGST for providing us with this information
Image courtesy of HGST