Storage company Western Digital has completed its acquisition of Viviti Technologies, formerly Hitachi Global Storage Technologies for $3.9bn.
The new WD will operate with WD Technologies (WD) and HGST as wholly owned subsidiaries.
John Coyne heads up the new office as chief executive officer of WD along with Steve Milligan as president, Tim Leyden as chief operating officer and Wolfgang Nickl as chief financial officer.
Hitachi now owns approximately 10% of WDC shares and has the right to designate two individuals to the board of directors of WD.
WD chief executive officer John Coyne said with a broadened customer base and expanded resources, the new WD is in a position to take over the growth opportunity in stored digital content.
"We have acquired a strong presence in the traditional enterprise market, substantially increased our presence in the industry’s fastest-growing segments-cloud and mobility-and improved our capability to address new market initiatives such as enterprise SSD, storage solutions for small business and low-profile HDDs and hybrid drives for Ultrabooks," said Coyne.
