Enters into Solid-State drive market
Storage company Western Digital has acquired solid-state drive vendor SiliconSystems for $65m. SiliconSystems was founded in 2002 and its SiliconDrive products are used in the network communications, industrial, embedded computing, medical, military, and aerospace markets.
SiliconSystems has been integrated with the company to form a new unit called WD Solid-State Storage. Michael Hajeck, founder and chief executive at SiliconSystems, has been appointed as senior vice president and general manager of the unit.
John Coyne, president and chief executive at WD, said: The combination will be modestly accretive to revenue and margins as a result of SiliconSystems’ existing position as a trusted supplier to the well-established $400m market for embedded solid-state drives. SiliconSystems’ intellectual property and technical expertise will significantly accelerate WD’s solid-state drive development programs for the netbook, client and enterprise markets, providing greater choice for our customers to satisfy all their storage requirements.
Michael Hajeck, said: WD’s strong balance sheet, sales reach, and operations and logistics capabilities will allow us to greatly accelerate our penetration of our existing markets, while combining our engineering expertise with WD will enable us to develop new solid-state drives to broaden our overall product portfolio and address the emerging applications for solid-state storage in WD’s existing customer base.