Seagate Acquires LSI’s Flash Business For $450 Million Ahead Of Enterprise Push

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News Posted: Thu, May 29 2014 10:42 AM
Seagate announced that it has acquired LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from parent Avago for $450 million in cash. What Seagate is getting is a nice big pile of enterprise PCIe-based flash and SSD controller technologies that will allow it to push harder into the enterprise storage space.

SF controller

“Seagate is committed to providing our customers with a complete range of storage solutions, and this acquisition will significantly enhance our flash storage offerings to supplement our existing portfolio,” said Steve Luczo, Seagate chairman and CEO in a press release, touting LSI’s broad PCIe flash portfolio and “best-in-class” SandForce controllers.

The deal should close in Q3 this year, and Seagate expects the move to generate as much as $150 million in revenue in 2015.
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Dave_HH replied on Thu, May 29 2014 3:40 PM

This is pretty huge news... It will also allow Seagate a big footprint in consumer SSDs as well with the SF controllers.

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