Western Digital Enters Solid-State Drive Market By Acquiring SiliconSystems
Western Digital today announced that it has completed a $65 million cash acquisition of SiliconSystems, Inc., a leading supplier of solid-state drives for the embedded systems market. Integration into WD begins immediately, with SiliconSystems now becoming known as the WD Solid-State Storage business unit, complementing WDs existing Branded Products, Client Storage, Consumer Storage and Enterprise Storage business units. Todays acquisition strengthens and accelerates WD’s ability to get to market with additional SSD products this is a very good move as SSD’s are starting to take off and are seen as the replacement to hard drives.
We are delighted to have the SiliconSystems team join WD, said John Coyne, president and CEO of WD. The combination will be modestly accretive to revenue and margins as a result of SiliconSystems existing position as a trusted supplier to the well-established $400 million market for embedded solid-state drives. SiliconSystems intellectual property and technical expertise will significantly accelerate WDs solid-state drive development programs for the netbook, client and enterprise markets, providing greater choice for our customers to satisfy all their storage requirements.
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