Western Digital Enters into Agreement to Acquire Tegile Systems

Western Digital Corp. (NASDAQ: WDC) announced today that it has entered into a definitive agreement under which Tegile, a leading provider of flash and persistent-memory storage solutions, will be acquired by Western Digital. Financial terms of the transaction were not disclosed. The acquisition is expected to close the week of Sept. 4, 2017, upon satisfaction of certain closing conditions as set forth in the agreement.

Founded in 2010, Tegile Systems pioneered a new generation of persistent-memory storage solutions that deliver exceptional performance and economics for a wide range of enterprise applications. According to the company, Tegile’s line of unified all-flash and hybrid storage arrays allows enterprise customers to run mission-critical applications at the speed of memory while significantly consolidating transaction processing, analytics, databases, virtualization, and file services onto a single platform.

“The Tegile acquisition will fit perfectly in Western Digital’s long-term strategy to deliver high value solutions that address customers’ rapidly evolving storage needs,” said Mike Cordano, president and chief operating officer of Western Digital. “The addition of Tegile’s technology and talented team will advance our goal of solving customers’ most significant challenges in capturing, preserving, transforming, and accessing data.”

Prior to the acquisition deal, Tegile had raised $174 million in venture capital financing from investors, including August Capital, Meritech Capital Partners, Moment Ventures, and SanDisk Ventures. Western Digital Technologies was the lead investor in Tegile’s Series D funding.