Western Digital buys VeloBit for undisclosed sum

Western Digital acquires data storage software maker VeloBit for undisclosed sum

Associated Press

SAN JOSE, Calif. (AP) -- Computer hard drive maker Western Digital Corp. said Wednesday that it bought data storage software provider VeloBit for an undisclosed sum.

The privately held Lincoln, Mass.-based company's software is designed to boost storage system performance by allowing better use of processor and storage resources.

Western Digital said the acquisition is part of its strategy to increase the overall value of data-center storage products by integrating its solid-state drives with software.

The company added that the deal builds on its plans to buy data storage device maker Stec Inc. for about $320.7 million in cash.

That acquisition, announced late last month, is also aimed toward expanding Western Digital's offerings in the fast-growing enterprise solid-state storage market.

Solid-state drives store data on microchips rather than the magnetic platters that power conventional hard drives. They are generally considered faster and more reliable, though at a higher price.

Shares of San Jose, Calif.-based Western Digital rose 25 cents to $66.45 in morning trading.

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