Seagate Acquires Hard Disk Testing Company for US$374 Million

Seagate Acquires Hard Disk Testing Company for US$374 Million

With all the talk of more affordable flash storage, it is easy to forget that traditional hard disk drives still store a lot of our data. Earlier this year, we talked about why hard disk drives won't be going away any time soon. We also recently reported that Seagate wants to make a 20TB hard disk drive by 2020.

With this in mind, Seagate has just announced that it has acquired Xyratex for US$374 million. Xyratex is a company that makes hard disk drive testing equipment. According to Seagate, they said that the deal will strengthen its “vertically integrated supply and manufacturing chain for disk drives and provide uninterrupted access to important capital equipment.”

That aside, Xyratex also makes data storage systems and high-performance computing arrays, and the acquisition will only serve to bolster Seagate's storage solutions portfolio.

Source: Gigaom

All News Categories

News for Past 12 Months

Subscribe to HWZ Here!

Subscribe now to receive latest tech news, articles and promotions straight to your inbox!
By signing up, you indicate that you have read and agreed to the and .

Obsessed with technology?
Subscribe to the latest tech news as well as exciting promotions from us and our partners!
By subscribing, you indicate that you have read & understood the SPH's Privacy Policy and PDPA Statement.