Merger and acquisition activity in the digital storage industry continues as buyers jockey to fill holes in their offerings and sellers try to cash in or recapitalize their products or spin out non-core product offerings. This was the case as #WesternDigital acquired acquired flash memory system company #Tegile and Chinese flash company #Longsys acquired the #Lexar brand from #Micron. Western Digital Corp. (NASDAQ: #WDC) and #Tegile Systems (“Tegile”) announced that they have entered into a definitive agreement under which Tegile, a leading provider of flash and persistent-memory storage solutions for enterprise data center applications, will be acquired by Western Digital. Financial terms of the transaction were not disclosed. Advertisement  Tegile has been a pioneer in flash storage systems since 2012. With its IntelliFlash™ architecture, Tegile has pioneered a comprehensive flash storage platform. Tegile will bring to Western Digital over 1,700 new customers, a profitable product portfolio, and an experienced team with a proven ability to deliver value to customers. UNICEF USAVoiceThe Best Way To Help Children Recovering From Hurricane Harvey Now The Tegile acquisition joins several other flash memory acquisitions over the years and represents another effort by the company to move beyond storage components such as hard disk drives, flash memory and solid state drives and into the enterprise storage systems business. WD current storage systems include their active archive solution as well as data center flash products. Micron has been trying to sell its consumer flash memory business under the Lexar brand for many months, and recently Chinese comsumer flash memory company, Longsys, offered to buy the trade mark and branding rights. This acquisition provides assurance to existing Lexar customers that the solutions and support they have come to expect from Lexar branded products will continue to be available. Additionally, the market reach and product breadth provided by Longsys promises to expand the Lexar customer experience into new market segments and geographies.
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