Monday, March 30, 2009

WD Buys SiliconSystems

Lake Forest-based Western Digital Corp. said this morning that it has acquired Aliso Viejo-based SiliconSystems, a manufacturer of solid state disk drives, in a deal worth $65M in cash. According to Western Digital, SiliconSystems will added to the firm as a new division. Michael Hajeck, founder and CEO of SiliconSystems, will become Senior Vice President and General Manager of WD's newly formed Solid State Storage Business. SiliconSystems was venture backed by Miramar Venture Partners, Rustic Canyon Partners, Samsung, SanDisk, and Shepherd Ventures. SiliconSystems devices were sold to the embedded computing market, and included solid state disks in 2.5-inch, 1.8-inch, CF, and other formats, supporting SATA, EIDE, PC Card, USB, and CF standards.