14 DAY TRIAL // Being one of the two greatest remaining suppliers of HDDs in the world, Seagate continues to assimilate the so-called small fires on the market. The latest to become part of it is Xyratex.
Xyratex is a data storage company that specializes in the development of test systems for hard disk drives.
Or should I say it was a company that specialized in such things, since now it doesn't exist anymore.
Well, it does, but not for long, at least not in its current form since Seagate is paying $374 million / €270 million for all outstanding shares.
The acquisition should be complete only around the middle of 2014, even though it has already been approved by the Xyratex board of directors.
So far, it's looking as though no staff members or normal employees will be let go.