WD completes Virident's acquisition
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Western Digital Corp.(NASDAQ:WDC) has announced that it has completed acquisition of Virident Systems Inc . The acquisition furthers HGST's strategy to address the rapidly changing needs of enterprise customers by delivering intelligent storage solutions that maximize application performance by leveraging the tightly coupled server, storage and network resources of today's converged data center infrastructures. The Virident acquisition follows HGST's recent purchase of sTec , an early innovator in enterprise solid-state drives (SSDs) and VeloBit, an advanced I/O optimization software company. These investments expand HGST’s presence in the rapidly-growing and strategic enterprise SSD space, which IDC predicts will grow from $2.5 billion in revenue in 2012 to $7.2 billion in revenue by 20171. "We welcome the talented Virident team to HGST and look forward to working together to solve customer challenges ...