""This acquisition strengthens our position as the world's leading pure-play cloud storage vendor," says David Friend, CEO of Wasabi."
""The acquisition aligns with the company's strategic focus on its core mass-capacity storage business, as global demand for data storage is growing rapidly," states Seagate CFO Gianluca Romano."
""Wasabi emphasizes that this further strengthens its enterprise backup and recovery workloads, while maintaining a cost-efficient, predictable pricing structure outside of the hyperscalers.""
Wasabi has acquired Lyve Cloud, an S3-compatible object storage platform from Seagate, to strengthen its position in the cloud storage market. This acquisition allows Wasabi to take over Lyve Cloud's enterprise customer base while aligning with Seagate's focus on mass-capacity storage. Wasabi offers a global network of data centers and robust security features. The merger simplifies the storage provider landscape for customers, allowing them to work with a single provider for S3-compatible storage, enhancing backup and recovery capabilities.
Read at Techzine Global
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