Storage manufacturer Western Digital is now the proud owner of a new branch, Hitachi GST. For a measly $3.5 billion in cash and 25 million in common shares (equaling a paltry $4.3 billion) WD purchased the brand and its line of storage solutions.
Hitachi has recently released their first line of SSD devices for enterprise environments, a product designed with a little assistance from Intel. It is also a founding member of the Hybrid Storage Alliance – a group that promotes the advantages of hybrid SSD/HDD devices – as is the new daddy, Western Digital. What does this all mean to you? It means that two large companies with a vast database of knowledge are now working under one roof, to provide the best products for every computing environment.
Digital Trends: http://www.digitaltrends.com/computing/western-digital-to-buy-hitachi-gst-for-4-3-billion/
You must be logged in to post a comment.