Menu
Seagate to buy LSI's flash storage business from Avago for $450M

Seagate to buy LSI's flash storage business from Avago for $450M

The deal is expected to broaden Seagate's offerings in the flash storage business

Seagate Technology will buy LSI's flash storage business from Avago Technologies for US$450 million in cash.

The deal will expand Seagate's offerings and future capabilities in the fast-growing flash storage business. The assets include LSI's Accelerated Solutions Division (ASD), which makes enterprise-class products with PCIe interfaces, and the Flash Components Division (FCD), known for the popular SandForce line of controllers for high-volume flash components. Seagate expects the transaction to close in the third quarter of this year.

Earlier this month, Singapore-based Avago closed a $6.6 billion buyout of LSI, which makes wired and wireless network components as well as storage technologies.

Seagate is a major supplier of spinning hard disk drives, and flash is playing a growing role in both consumer and enterprise storage. Established vendors and startups alike are introducing all-flash and hybrid arrays built with SSDs (solid-state drives) as well as server-based flash products that use PCIe. Speed, size and power consumption are the major drivers of the shift.

Controllers, like LSI's SandForce line, play a key role in achieving more performance and reliability in flash components.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Seagate Technologybusiness issuesLSIstorageAvago TechnologiesMergers and acquisitions

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments