Storage company Verbatim has agreed to purchase portable drive vendor SmartDisk. Terms of the deal were not disclosed.
SmartDisk produces external storage drives, including portable Flash and hard disk-based drives.
An NPD report cited by SmartDisk claimed that the company had 16 per cent of the US portable drive market last year.
Verbatim is known mostly for writable CDs, DVDs and Flash memory cards. The company hopes that the SmartDisk acquisition will give it an immediate presence in the removable hard-disk market.
Shigenori Otsuka, president of Verbatim's parent company MKM, said that the company plans to incorporate SmartDisk's products and facilities.
Verbatim will also hire additional development and marketing employees to support the new offerings, he added.
Analyst firm IDC said recently that more than six million external hard drives will ship in 2008, a 58 percent increase from 3.8 million units last year.
Verbatim acquires drive maker SmartDisk
By
Shaun Nichols
on Jul 10, 2007 7:26AM
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
_(21).jpg&h=142&w=230&c=1&s=1)
Empowering Sustainability: Schneider Electric's Dedication to Powering Customer Success
Promoted Content
Have ticket queues become your quiet business risk?
Think Technology Australia deliver massive ROI to a Toyota dealership through SharePoint-powered, automated document management
_(27).jpg&h=142&w=230&c=1&s=1)
Promoted Content
Why Renew IT Is Different: Where Science, AI and Sustainability Redefine IT Asset Disposition
.jpg&h=142&w=230&c=1&s=1)
New Microsoft CSP rules? Here’s how MSPs can stay ahead with Ingram Micro
.jpg&w=100&c=1&s=0)
_(1).jpg&q=95&h=298&w=480&c=1&s=1)
