Western Digital Acquires Enterprise Flash Storage Provider Virident for $685 Million

Maximum PC: Flash storage is sexy right now, so it's really not all that surprising that Western Digital went and scooped up Virident Systems, a provider of server-side flash storage solutions, for $685 million in cash. Virident will be integrated into HGST, a wholly owned subsidiary of Western Digital, the two companies announced today. In doing so, HGST becomes a player in enterprise solid state drives (SSDs), a market that's predicted to be worth $7 billion by 2017, according to International Data Corporation (IDC).

Read Full Story >>
The story is too old to be commented.
justinbkerr2845d ago

Making higher density physical hard disks is getting harder. They need to enter this market.