Seagate Completes Acquisition of LSI’s Flash Businesses From Avago

4th September 2014 | By Mouseworld Now Correspondent |

Seagate Chairman and CEO Steve Luczo

Seagate Chairman and CEO Steve Luczo

NEW DELHI, September 3, 2014: Seagate Technology plc (NASDAQ: STX), a leading player in storage solutions space, has completed its previously announced acquisition of the assets of LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies.

”There is a growing opportunity for mobile and enterprise flash-based storage solutions, which is why we’re excited about this strategic technology acquisition,” said Steve Luczo, Seagate Chairman and CEO.

“Integrating LSI’s Enterprise PCIe flash and SSD controller products, and its engineering capabilities into Seagate’s leading storage technology portfolio and product development will expand our ability to meet a broader base of customers’ needs and drive new revenue opportunities,” added Steve Luczo.

The acquisition, according to industry experts, will instantly boost Seagate’s range and depth of flash storage capabilities and brings additional engineering expertise to accelerate its roadmap in the growing flash market. LSI’s ASD business has the broadest PCIe flash product offering and intellectual property in the market today and its FCD business has better SSD controllers with support for a wide range of applications.

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