Hitachi acquires Fabrik, looks to expand market presence
Posted in: business, industry, merger, SSD, storage, Today's Chili
We keep hearing that it’s a buyer’s market out there, and for anyone with any amount of cash (that’d be Hitachi, in this scenario), the getting is pretty great. Hitachi Global Storage Technologies (GST) has just announced that it has snapped up Fabrik, Inc., a privately-held supplier of personal and professional storage solutions. You may be more familiar with the said company’s brands, as G-Technology and SimpleTech tend to ring bells much better than a name easily mistaken for clothing. According to Steve Milligan, President of Hitachi GST, the acquisition will soon become “the cornerstone for the next phase of Hitachi’s business transformation,” though he certainly didn’t bother to elaborate. Who knows — maybe one day soon we really will see Hitachi taking on the likes of Western Digital and LaCie in the external sector.
Filed under: Storage
Hitachi acquires Fabrik, looks to expand market presence originally appeared on Engadget on Tue, 24 Feb 2009 11:44:00 EST. Please see our terms for use of feeds.
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