Seagate
is to sell its Advanced Storage Architecture (ASA) research and development
group to storage and data protection firm
Xiotech.
The acquisition includes certain assets of the ASA business, as well as
licences to the associated technology. Financial aspects of the deal were not
disclosed.
"We think that the ASA technology will transform the market's perceptions
about storage capacity, performance and reliability," said Casey Powell,
president and chief executive of Xiotech.
"In time, we expect the ASA group to provide significant additional revenue
to Xiotech."
Ellen Lary will serve as vice president and general manager of the company,
and former Seagate ASA general manager Steve Sicola will become chief technology
officer.
Seagate recently settled a
class action
lawsuit by offering customers from the past six years a cash refund or free
back-up and recovery software.
Competition from Seagate and other manufacturers has also
pushed down the
price of notebook hard drives, market analyst
iSuppli reported today.
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