Western Digital Buys Silicon Systems for $65Mil
Western Digital the leading on-line storage manufacturer based in sunny Southern California spent $65 million earlier this week to purchase Silicon Systems, a leading supplier of solid state memory drives.
The acquisition makes WD a player in the red-hot SSD industry, and helps fill a major void in WDâ€™s portfolio. In a statement, WD president and CEO John Coyne said the acquisition will be â€œmodestly accretive to revenue and marginsâ€ and will help the company address a $400 million SSD market, which encompasses consumer netbooks, clients and enterprises.This rounds out Western Digitals portfolio to include solid state storage, WD branded products, client storage, consumer storage and enterprise storage units. Source: Ziff Davis.
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