Wednesday, July 10, 2013
Western Digital Buys VeloBit
Irvine-based Western Digital announced this morning that it has acquired VeloBit, a provider of storage I/O optimization software. Financial terms of the buy were not announced. VeloBit, which is headquartered in Lincoln, Mass, develops software specifically designed for optimization of solid state disk drives (SSDs). Western Digital said that VeloBit will become part of its subsidiary, HGST. VeloBit was venture backed by Fairhaven Capital and Longworth Venture Partners.