SAN FRANCISCO — Western Digital Corp. said it reached a deal to acquire flash and persistent memory startup Tegile Systems. Terms of the agreement were not disclosed.
Tegile, founded in 2010, markets flash and hybrid storage arrays for enterprise data centers. The company recently rolled out what it says is the industry's first unified all-Nonvolatile Memory Express (NVMe) array on the market, dubbed the IntelliFlash N series.
Western Digital was already a major investor in Tegil. It's venture capital arm, Western Digital Capital, had participated in all three of Tegile's major sending rounds and served as the lead investor in the last round of $33 million in funding that Tegile closed in April. In total, Tegile has taken more than $168 million in venture capital funding.
Western Digital said the deal would bring to the company's Data Center Systems unit more than 1,700 new customers, as well as Tegile's product portfolio and experienced team.
Michael Cordano
"The Tegile acquisition will fit perfectly in Western Digital’s long-term strategy to deliver high value solutions that address customers’ rapidly evolving storage needs," said Mike Cordano, Western Digital's president and chief operating officer, in a press statement.
"The addition of Tegile’s technology and talented team will advance our goal of solving customers’ most significant challenges in capturing, preserving, transforming and accessing data," Cordano added.
—Dylan McGrath is the editor-in-chief of EE Times.
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