Seagate and Virident Join Forces to Deliver Solutions for the Enterprise Flash Storage Market

  Seagate and Virident Join Forces to Deliver Solutions for the Enterprise
  Flash Storage Market

Companies Plan to Jointly Develop Next Generation Flash-based PCIe Solutions;

  Seagate to Offer a Broad Line of Enterprise Class PCIe Products Powered by

Business Wire

CUPERTINO, Calif. & MILPITAS, Calif. -- January 28, 2013

Seagate Technology plc (NASDAQ: STX), a worldwide leader in storage solutions,
and Virident Systems Inc., the performance leader in flash-based storage-class
memory (SCM) solutions, today announced a strategic agreement to jointly
deliver solutions for the growing enterprise flash storage market. Under the
agreement, Seagate will immediately offer a complete line of flash-based PCIe
solutions to its OEM and distribution partners. In addition, Seagate and
Virident intend to leverage their mutual strengths to create next-generation
hardware and software solutions for the solid-state storage market. In
conjunction with the agreement, Seagate has made a strategic equity investment
in Virident, and will appoint one member to the Virident Board of Directors.

“Seagate is thrilled to team with Virident, a technology leader in one of the
fastest growing markets in enterprise and cloud computing,” said Gary Gentry,
senior vice president and general manager, Solid State Drives at Seagate.
“Together, we are working to develop the next-generation hardware and software
solutions in the PCIe space. Our solid-state strategy is founded on both
in-house development and through strategic partnerships with innovative
companies to deliver the broadest portfolio in the industry. We believe that
this strategic agreement immediately strengthens our leading position in the
enterprise storage market by adding a broad line of Seagate flash-based PCIe
solutions powered by Virident to our portfolio. We look forward to a long,
productive partnership with Virident.”

“We are extremely pleased to have Seagate as a strategic partner and
investor,” said Mike Gustafson, Chief Executive Officer of Virident. “This
partnership validates Virident’s vision of pervasive flash in the performance
tier and accelerates our shared vision by bringing next-generation SCM
solutions to the enterprise and web datacenters worldwide. The agreement also
expands Virident’s routes to market today by making our best-in-class PCIe
flash products available to Seagate’s world-class channels.”

About Seagate

Seagate is a world leader in hard disk drives, solid-state hybrid disk drives
and storage solutions. Learn more at

About Virident Systems

Virident Systems is a leading provider of enterprise-class Storage Class
Memory (SCM) solutions that deliver unconditional, consistent performance to
data-intensive applications. The inherent advantage associated with this
disruptive technology revolutionizes computing by speeding application
response time and optimizing datacenter efficiency for new levels of ROI.
Virident Systems is backed by strategic investors, Intel®, Cisco® Systems and
a storage solution provider, as well as Hercules Technology Growth Capital and
venture investors Globespan Capital Partners, Sequoia Capital, Mitsui Global
Investments and Artiman Ventures. For more information,

©2013 Seagate Technology LLC. All rights reserved. Seagate, Seagate
Technology, the Wave logo, are trademarks or registered trademarks of Seagate
Technology LLC or its affiliates in the United States and/or other countries.
All other trademarks or registered trademarks are the property of their
respective owners.


Brian Ziel, 408-658-1540
Trainer Communications
Michelle Reingold, 925-271-8214
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