Seagate makes Equity Investment in DensBits

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Seagate and DensBits have announced a strategic agreement for the development of low-cost, high-performance Solid State Drives ("SSDs") for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits.

Under the agreement, DensBits' Memory Modem controller technology will be integrated with Seagate's various storage technologies to power a wide range of consumer and enterprise applications including 3 bits/cell ("TLC") 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell (“MLC”) 1Xnm Flash-based enterprise-grade SSD.

Rocky Pimentel, Chief Sales & Marketing Officer, Seagate, said, "For the last 30 years, Seagate has delivered technology and product innovation to become the global leader in storage solutions, from high-end enterprise drives to solid-state hybrid drives. Seagate is excited to be working with the talented DensBits team and believes we have a significant opportunity with our new strategic relationship to extend our leadership into the SSD market."

Ilan Hen, Chairman & CEO, DensBits, said, "We are very excited at the opportunity of collaborating with Seagate. This is yet another testament to our technology leadership, and we strongly believe that the coupling between DensBits' unique Memory Modem controller technology and Seagate's exceptional storage capabilities across the board could truly disrupt the industry."

For More Details See

www.varindia.com