Western Digital Announces Sale of ActiveScale Business to Quantum
February 03 2020 - 8:00AM
Business Wire
Western Digital Corp. (NASDAQ: WDC) today announced that its
subsidiary Western Digital Technologies, Inc. has entered into a
definitive agreement to sell its ActiveScale™ business to Quantum
Corp. (NASDAQ: QMCO), an industry leader in storing and managing
video content and unstructured data. Under the agreement, Quantum
will acquire Western Digital’s full line of ActiveScale
products.
The announcement follows Western Digital’s announced strategic
intent to exit Storage Systems and optimize its Data Center Systems
business around Storage Platforms. Western Digital completed the
sale of its IntelliFlash™ product lines to DDN last year.
“With their complementary portfolio of software defined
solutions and technologies, and established customer base, Quantum
is well positioned to build on the ActiveScale systems business,“
said Phil Bullinger, senior vice president & general manager of
the Data Center business. “Both Western Digital and Quantum are
committed to executing a smooth transition for all stakeholders and
ensuring that customers will continue to receive best-in-class
service and support.”
The transaction is expected to close by the end of this quarter,
March 31, 2020, subject to the satisfaction of customary closing
conditions. Financial terms of the transaction were not
disclosed.
About Western Digital
Western Digital, a leader in data infrastructure, creates
environments for data to thrive. The company is driving the
innovation needed to help customers capture, preserve, access and
transform an ever-increasing diversity of data. Everywhere data
lives, from advanced data centers to mobile sensors to personal
devices, our industry-leading solutions deliver the possibilities
of data. Our data-centric solutions are marketed under the
G-Technology™, SanDisk®, WD®, and the Western Digital® brands.
Western Digital, the Western Digital logo, G-Technology,
SanDisk, WD, and ActiveScale are registered trademarks or
trademarks of Western Digital Corporation or its affiliates in the
US and/or other countries. All other marks are the property of
their respective owners.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties, including, but not limited to,
statements regarding the expected closing and impact of the sale of
the ActiveScale business to Quantum, business strategies and growth
opportunities, and product and technology portfolio.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved, if at all. Forward-looking statements are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements.
Key risks and uncertainties include the possibility that
conditions to closing the transaction may not be satisfied, such
that the transaction will not close or that the closing may be
delayed; volatility in global economic conditions; business
conditions and growth in the storage ecosystem; impact of
competitive products and pricing; 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; difficulties or delays in
manufacturing; and other risks and uncertainties listed in the
company's filings with the Securities and Exchange Commission (the
"SEC") and available on the SEC's website at www.sec.gov, including
our most recently filed periodic report, to which your attention is
directed. We do not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200203005266/en/
Laura Bakken Corporate Communications 408.801.7653
laura.bakken@wdc.com
Peter Andrew Investor Relations 949.672.9655
peter.andrew@wdc.com
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