Tag Archives: data storage

Reports: Symantec Talks Potential Veritas Sale to Carlyle Group for $8B

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

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Dave Mosley: Seagate Targets Drive Test Market Demand with Xyratex Buy

Seagate Technology (NASDAQ: STX) has acquired data storage technology provider Xyratex (NASDAQ: XRTX) in a move to help customers fulfill test requirements for higher-capacity drives. Dave Mosley, president of operations and technology at Seagate, said Monday the company also intends for the Xyratex purchase to help streamline the supply and …

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