Western Digital Announces Sale of ActiveScale Business to Quantum
February 03, 2020 08:00 AM Eastern Standard Time
SAN JOSE, Calif.--( BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced that its subsidiary Western Digital Technologies, Inc. has entered into a definitive agreement to sell its ActiveScale™ business to Quantum Corp. (NASDAQ: QMCO), an industry leader in storing and managing video content and unstructured data. Under the agreement, Quantum will acquire Western Digital’s full line of ActiveScale products.
The announcement follows Western Digital’s announced strategic intent to exit Storage Systems and optimize its Data Center Systems business around Storage Platforms. Western Digital completed the sale of its IntelliFlash™ product lines to DDN last year.
“With their complementary portfolio of software defined solutions and technologies, and established customer base, Quantum is well positioned to build on the ActiveScale systems business,“ said Phil Bullinger, senior vice president & general manager of the Data Center business. “Both Western Digital and Quantum are committed to executing a smooth transition for all stakeholders and ensuring that customers will continue to receive best-in-class service and support.”
The transaction is expected to close by the end of this quarter, March 31, 2020, subject to the satisfaction of customary closing conditions. Financial terms of the transaction were not disclosed.
About Western Digital
Western Digital, a leader in data infrastructure, creates environments for data to thrive. The company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, our industry-leading solutions deliver the possibilities of data. Our data-centric solutions are marketed under the G-Technology™, SanDisk®, WD®, and the Western Digital® brands.
Western Digital, the Western Digital logo, G-Technology, SanDisk, WD, and ActiveScale are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
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