Seagate and Avago enter into strategic alliance
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Seagate Technology(NASDAQ:STX) and Avago Technologies have announced that they have entered into a definitive asset purchase agreement, under which Seagate will acquire the assets of LSI's Accelerated Solutions Division ("ASD") and Flash Components Division ("FCD") from Avago for $450 million in cash. The acquisition strengthens Seagate’s strategy to deliver a full suite of storage solutions, providing Seagate with established Enterprise PCIe flash and SSD controller capabilities to deliver solutions for the growing flash storage market. LSI’s ASD business, which is the second- largest player in the PCIe flash space, offers a highly differentiated enterprise-grade PCIe flash solution focussed on the high-growth cloud and hyperscale markets. LSI’s FCD business, led by its SandForce SF2000 and SF3700 controller products, is driving a multi-product roadmap to address volume markets. "Seagate is com