VeloBit joins Western Digital's HGST

By IVCPOST Staff Reporter

Jul 10, 2013 10:58 AM EDT

Western Digital Content, a digital storage provider, announced today that it bought software storage solutions provider VeloBit. Financial terms of the deal were not disclosed by both companies. VeloBit's primary investors were Longworth Venture Partners and Fairhaven Capital.

Western Digital's new acquisition is set to expand the company's portfolio of data storage services. VeloBit will be entirely integrated into Western Digitar's subsidiary Hitachi Global Storage Technolohies (HGST). The Lincoln, Massachusetts-based company provides enhanced storage system performance "with its software technology by adding a transparent acceleration layer utilized SSDs (solid state drives)."

The merging of VeloBit and HGST will combine the former's caching software and the latter's datacenter storage, resulting in higher performance, lower latency, reduced delay times, and increased efficiency, according to Western Digital.

"We are convinced that the best way to meet our customers' needs is to tightly integrate storage optimization software with the hardware," VeloBit's co-founder and Chief Executive Officer Duncan McCallum said.

"In HGST we have found the ideal partner to continue to develop our ground-breaking caching, compression, and cache coherence technology. This acquisition will enable us to continue to expand the range of products and services we offer to our customers," he explained further.

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