Western Digital Corp. has acquired privately held VeloBit, a provider of high-performance storage I/O optimization software. VeloBit enhances storage system performance with its software technology by adding a transparent acceleration layer utilizing solid state drives (SSDs). Financial terms of the transaction were not disclosed.
VeloBit will be fully integrated into HGST, a wholly owned subsidiary of Western Digital. The acquisition builds on HGST's strategy to enhance the overall value of datacenter storage by integrating HGST SSDs with software. VeloBit's SSD caching software dramatically accelerates applications and increases server density by enabling higher I/O performance, lower latency, and more efficient usage of processor and storage resources.
Both the VeloBit acquisition and the proposed sTec acquisition by Western Digital reflect acceleration by its HGST subsidiary in the fast growing and strategic enterprise SSD space, augmenting its technology position and IP portfolio with additional engineering and design resources.
"In VeloBit we saw a great team that has developed and commercialized breakthrough I/O optimization software. The acquisition of VeloBit is an important step in our strategy to develop robust software capabilities to augment our successful SSD product portfolio," said Mike Cordano, president of HGST.
VeloBit was founded in September 2010 by an experienced team of storage industry experts and entrepreneurs to commercialize inventions in caching and data compression. VeloBit has won multiple competitive product benchmarks in the areas of I/O acceleration and server density optimization.
"We are convinced that the best way to meet our customers' needs is to tightly integrate storage optimization software with the hardware. In HGST we have found the ideal partner to continue to develop our ground-breaking caching, compression, and cache coherence technology. This acquisition will enable us to continue to expand the range of products and services we offer to our customers," said Duncan McCallum, co-founder and chief executive of VeloBit.