Western Digital Announces Acquisition of Upthere
August 28 2017 - 4:30PM
Business Wire
Acquisition Sets the Stage for Western
Digital’s Continued Growth in Cloud Services
Western Digital Corp. (NASDAQ: WDC) and Upthere, Inc. announced
today that Western Digital has completed the asset acquisition of
Upthere, a leading cloud services company that is providing a new
and better way to keep, find and share what’s important and
meaningful to consumers. Financial terms of the transaction were
not disclosed.
Upthere provides an enhanced storage experience designed to be
the single home for all of a user’s photos, videos, documents and
music. The Upthere app is platform agnostic and available for
iPhone, iPad and Android devices, as well as macOS and Windows PCs.
The addition of Upthere’s technology and team to Western Digital’s
Client Solutions business unit will enhance the company’s consumer
products portfolio with new cloud-based offerings.
“Upthere is delivering on its mission to transform the personal
storage market, and we share their focus on providing consumers
more rich and meaningful experiences with their data,” said Jim
Welsh, senior vice president and general manager of Client
Solutions at Western Digital. “I’m pleased to have Upthere CEO
Chris Bourdon join the team as a strategic leader. His extensive
software expertise will help accelerate our user experience and
cloud services imperatives across all aspects of the Client
Solutions business.”
Bourdon added, “The Upthere team is excited to join Western
Digital, with whom we share a long-standing relationship and
commitment to significantly advance the consumer experience through
cloud-based solutions. It is clear that Western Digital recognizes
the great technology and products we have developed and this
transaction is a testament to our hard-working team. I am confident
that, together, we will continue to innovate cloud-based services
with the potential to revolutionize how consumers and businesses
create, manage and keep their important data.”
Barbara Nelson will lead Western Digital’s Cloud Services
business. Ms. Nelson recently joined Western Digital from IronKey,
a cloud security business where she was executive vice president
and general manager. She has a strong entrepreneurial track record,
having been the chief executive officer at two start-up companies,
and has led the growth of businesses from concept to over $100
million on four separate occasions.
About Western Digital
Western Digital is an industry-leading provider of data storage
technologies and solutions that enable people to create, leverage,
experience and preserve data. The company addresses ever-changing
market needs by providing a full portfolio of compelling,
high-quality storage solutions with customer-focused innovation,
high efficiency, flexibility and speed. Our products are marketed
under the HGST, SanDisk and WD brands to OEMs, distributors,
resellers, cloud infrastructure providers and consumers. Financial
and investor information is available on the company’s Investor
Relations website at investor.wdc.com.
About Upthere
Upthere is transforming the personal storage market by providing
a new and better way to keep, find, and share what’s important and
meaningful. It provides an enhanced storage experience designed to
be the one home for all of your photos, videos, documents, and
music. Upthere is available for iPhone, iPad and Android devices,
as well as macOS and Windows PCs. Upthere is headquartered in
Redwood City, California.
Forward-Looking Statements
This news release contains certain forward-looking statements,
including statements regarding the company’s acquisition of
Upthere, anticipated benefits of the transaction, integration of
the company and Upthere, business strategies, products and
technologies, growth opportunities and market trends. There are a
number of risks and uncertainties that may cause these
forward-looking statements to be inaccurate including, among
others: the anticipated benefits of the transaction may not
materialize as expected; failure to successfully integrate the
company and Upthere; volatility in global economic conditions;
business conditions and growth in the storage ecosystem; the impact
of competitive products and pricing; market acceptance and cost of
commodity materials and specialized product components; actions by
competitors; unexpected advances in competing technologies; our
development and introduction of products based on new technologies
and expansion into new data storage markets; risks associated with
acquisitions, mergers and joint ventures; difficulties or delays in
manufacturing; and other risks and uncertainties listed in the
company’s filings with the Securities and Exchange Commission (the
“SEC”), including the company’s Form 10-Q filed with the SEC on May
8, 2017, to which your attention is directed. You should not place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and the company undertakes no
obligation to update these forward-looking statements to reflect
subsequent events or circumstances.
Western Digital, WD and SanDisk are registered trademarks or
trademarks of Western Digital Corporation or its affiliates in the
U.S. and/or other countries. Other trademarks, registered
trademarks, and/or service marks, indicated or otherwise, are the
property of their respective owners. © 2017 Western Digital
Corporation or its affiliates. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20170828005963/en/
Western Digital Corp.Media Contact:Jim
Pascoe408.717.6999jim.pascoe@wdc.comorInvestor Contact:Bob
Blair949.672.7834robert.blair@wdc.com
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