Seagate makes strategic equity investment in Virident

Infotech Lead America: Seagate has made a strategic equity investment in Virident.

Seagate Technology and Virident Systems will also jointly deliver solutions for enterprise flash storage market.

Seagate will offer flash-based PCIe solutions to its OEM and distribution partners.

Seagate and Virident intend to leverage their strengths to create hardware and software solutions for the solid-state storage market.

The two companies are working to develop the next-generation hardware and software solutions in the PCIe space. Their solid-state strategy is founded on both in-house development and through strategic partnerships with innovative companies to deliver the broadest portfolio in the industry.

Gary Gentry, senior vice president and general manager, Solid State Drives at Seagate, said: “We believe that this strategic agreement immediately strengthens our leading position in the enterprise storage market by adding a broad line of Seagate flash-based PCIe solutions powered by Virident to our portfolio. We look forward to a long, productive partnership with Virident.”

Mike Gustafson, CEO of Virident, said: “This partnership validates Virident’s vision of pervasive flash in the performance tier and accelerates our shared vision by bringing next-generation SCM solutions to the enterprise and web datacenters worldwide. The agreement also expands Virident’s routes to market today by making our PCIe flash products available to Seagate’s world-class channels.”

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