Seagate to Buy Xyratex, Operate Enterprise Data Storage & Computing Tech as Standalone Entitity; Dave Mosley Comments

Dave Mosely, Seagate - ExecutiveMosaic
Dave Mosely

Seagate has agreed to a deal to acquire Xyratex in an effort to strengthen the supply and manufacturing chain for the hard disk drives it produces, the two companies said in a joint release Monday.

Xyratex creates testing systems for hard disk drives (HDD), and Dave Mosley, president of operations and technology at Seagate, said the acquisition aims to help streamline its HDD production.

“As the average capacity per drive increases to multi-terabytes, the time to test these drives increases dramatically, ” Mosley said. “Therefore, access to world-class test equipment becomes an increasingly strategic capability.”

Under the definitive agreement between the two companies, Seagate also intends to grow Xyratex’s enterprise data storage systems and computing technologies as a separate operation.

The companies expect the all-cash transaction to close in mid-2014, subject to closing conditions.

You may also be interested in...

ArchIntel

ArchIntel Offering Competitive Intelligence Roundtable Membership to Enhance CI Collaboration

ArchIntel, the market leading provider of open source daily intelligence, competitive intelligence reports and competitive intelligence events, is now offering a Competitive Intelligence Roundtable Membership for CI professionals at the executive level to privately discuss the challenges and best practices for the competitive and market intelligence sectors. 

SOSi CEO Julian Setian Receives Wash100 Award

SOSi CEO Julian Setian Receives Second Consecutive Wash100 Award for Driving Growth, Emerging Tech Capabilities

For the second consecutive year, SOS International CEO Julian Setian has received a Wash100 Award for his leadership and vision to drive company growth and innovation for its technical capabilities in cloud, cybersecurity, data analytics and software development. Under his leadership, Setian has continued to drive company growth and expansion of its vital capabilities.