Steve Milligan
President and Chief Executive Officer
Today we announced that Western Digital Corporation has entered into a definitive merger agreement with Virident, a leading provider of server-side flash storage solutions. Virident will be integrated into HGST and play an instrumental role in our enterprise SSD growth strategy. We expect to close the acquisition in the fourth calendar quarter of 2013.
The Virident acquisition furthers our strategy to capitalize on dramatic changes within the storage industry by investing in solid state drives (SSDs) and other high-growth storage opportunities. Virident enables enterprises to tackle performance-intensive datacenter applications with PCIe-based enterprise flash storage solutions for virtualization, database, cloud computing, and webscale applications. The company has a proven leadership team, great products, and advanced technology that delivers tremendous value to customers.
Solid state storage will continue to be of great strategic importance to Western Digital. I want to sincerely thank the HGST and WD teams for your ongoing contributions and recognize the significant progress we have made toward achieving our goals.
I encourage you to review the press release and FAQ to learn more about today’s announcement.
Thank you for your ongoing support and dedication.