Today's Hard|Forum Post
Today's Hard|Forum Post

Monday September 09, 2013

WD Expands Enterprise Flash Storage Portfolio with Acquisition of Virident

Western Digitalآ® Corp. and Virident Systems, Inc. announced today that they have entered into a definitive merger agreement under which Virident, a provider of server-side flash storage solutions, will be acquired by HGST, a wholly owned subsidiary of Western Digital. Virident will be acquired for approximately $685 million in cash. This represents approximately $645 million in enterprise value, net of Virident’s estimated cash balance at closing.

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