Sunday, August 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Razer Launches Wildcat Xbox One Controller And Upgraded Nabu Smartband
Workstation Market Shippments Rebound In Q2
Google Will Help You Find Your Plumber
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > Hitachi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 24, 2009
Hitachi to Acquire Fabrik, Expands into External Storage


Hitachi Global Storage Technologies today announced that it has agreed to acquire Fabrik, Inc., a privately-held supplier of personal and professional storage solutions.

Fabrik, whose storage brands include G-Technology and SimpleTech, strategically positions Hitachi in the fast-growing external storage business.

Financial details of the transaction were not disclosed. Closing of the acquisition, which is subject to customary conditions, is expected to occur early in the second quarter of 2009.

Fabrik?s business will continue intact and form the core of Hitachi GST?s newly-formed external storage business. Hitachi GST will fully support the G-Technology and SimpleTech product lines, building upon their success and differentiation in the market. The combined company will also leverage operational, technical and product development resources, distribution channels and global reach to accelerate delivery of a full portfolio of traditional hard drives, solid state drives and branded personal and professional storage products.

"The Fabrik acquisition becomes the cornerstone for the next phase of our business transformation. It strategically expands our market presence, strengthens our product portfolio, and increases our customer base," said Steve Milligan, President of Hitachi GST. "Fabrik is a key component of our growth and profit strategy going forward and will enable us to deliver a differentiated set of products across a broad range of end-user market segments."

As a 20 year storage veteran, Mike Cordano, Fabrik CEO and co-founder, will join Hitachi GST as a key member of the executive management team. Mr. Cordano had previously served as executive vice president of Worldwide Sales and Marketing for Maxtor Corporation. While there, he was instrumental in building the Branded Products Group, which successfully launched the industry?s first "OneTouch" external storage and backup solution.

Fabrik?s storage brands include G-Technology, offering external storage solutions for the Mac, content creation and professional A/V markets; and SimpleTech, a manufacturer of PC-based external storage and backup solutions.


Previous
Next
More Than Half of Ex-Employees Admit to Stealing Company Data: study        All News        Court Grants Rambus Supplemental Damages in Hynix Case
Asus mATX ROG Rampage II GENE Motherboard Delivers Max Performance in Mini Form Factor     PC Parts News      Court Grants Rambus Supplemental Damages in Hynix Case

Get RSS feed Easy Print E-Mail this Message

Related News
Hitachi Wearable Sensor Helps Working Groups Be Happy And Productive
Hitachi Wearable Device Monitors Brain Functions
Hitachi Technology Stores Digital Data In 100 Recording Layers, Data Can be Stored For 300 million Years
Hitachi HDDs Have The Lowest Failure Rate: report
Hitachi Combines SSD Tier And SSD Cache Methods in Tiered Storage Systems
Hitachi Brings New Flash, Unified Storage and Converged Solutions
HGST Launches the 1.5TB Mobile Hard Drive
Maxell Introduces First iVDR, BD, HDD Combo Recorder
Hitachi Maxell To Take Over Hitachi's LCD projector Business
Hitachi Says Hybrid Storage Pools Are Superior Than HDD, SSD Configurations
HGST Launches 1.2TB, 10K RPM Hard Drive
HGST Releases 1TB, 7200 2.5-inch Mobile Hard Drive

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .