HGST spends its way into enterprise SSD sector
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).
"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."
Virident's flagship product is its FlashMax II PCI-E SSD. It can be installed in any server and offers the highest capacity (up to 2.2TB) in a single low-profile card, while still maintaining twice as much performance as its nearest competitor when measured at near-full capacity, the company claims. Virident is also known for its FlashMax Connect software suite, the first of its kind to deliver a shared server-side flash storage tier with enterprise-class reliability.