Western Digital Completes Acquisition Of Virident Systems

(RTTNews) - Western Digital® Corp. (WDC) announced that it has completed the acquisition of Virident Systems, Inc. Virident will be integrated into HGST, a wholly owned subsidiary of Western Digital.

The company said the acquisition furthers HGST's strategy to address the rapidly changing needs of enterprise customers by delivering intelligent storage solutions that maximize application performance by leveraging the tightly coupled server, storage and network resources of today's converged datacenter infrastructures.

Western noted that the Virident acquisition follows HGST's recent purchase of sTec, an early innovator in enterprise solid-state drives and VeloBit, an advanced I/O optimization software company. These investments expand HGST's presence in the rapidly growing and strategic enterprise SSD space, which IDC predicts will grow from $2.5 billion in revenue in 2012 to $7.2 billion in revenue by 20171.

Virident CEO Mike Gustafson is joining HGST as a senior vice president leading the Virident team, the company stated.