Tuesday, August 29, 2017

Western Digital Enters Into Agreement to Acquire Tegile Systems

Western Digital Corp. and Tegile Systems ("Tegile") announced today that they have entered into a definitive agreement under which Tegile, a leading provider of flash and persistent-memory storage solutions for enterprise data center applications, will be acquired by Western Digital. Financial terms of the transaction were not disclosed.  The acquisition is expected to close the week of Sept. 4, 2017, upon satisfaction of certain closing conditions as set forth in the definitive agreement between the parties. 

Tegile has been at the forefront of the flash storage revolution since 2012. With its award winning IntelliFlash™ architecture, Tegile has pioneered a comprehensive storage platform that delivers storage at the speed of flash memory. Tegile will bring to Western Digital over 1,700 new customers, an innovative product portfolio, and a deeply experienced team with a proven ability to deliver value to customers.