Friday, September 13, 2013

Western Digital Completes sTec Buy

Irvine-based Western Digital said Thursday that it has completed its acquisition of fellow, Orange County technology company sTec. WD, which had announced it acquisition of sTec back in June, said that enterprise solid state disk drive developer sTec will become part of its subsidiary, HGST. WD said the move helps accelerate its participation in the growing area of enterprise SSDs. WD has been in a very acquisitive mood lately, having acquired two other companies since it announced the acquisition of sTEC, including the recent acquisition of Virident for $685M.

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