Wasabi Technologies, a Boston-headquartered hot cloud storage provider, has acquired the Lyve Cloud business from Seagate Technology, a company specializing in mass-capacity data storage. The addition of the enterprise storage solution improves Wasabi’s enterprise backup and recovery workload services.
Seagate has become a shareholder in Wasabi following the transaction. The combination of its storage platform’s security and compliance capabilities with Wasabi’s channel reach and pricing model provides a cost-efficient storage deployment option for enterprise customers. The two platforms integrate with various data protection and backup providers, also reducing the need for businesses to manage multiple S3-compatible storage vendors.
“This acquisition strengthens our position as the world’s leading pure-play cloud storage vendor,” David Friend, Wasabi Technologies’ co-founder and CEO, said in a statement. “Seagate has built a loyal enterprise customer base for Lyve Cloud storage, and we welcome those customers to Wasabi. We are focused on supporting their growth with our global network of data centers, innovative security features such as Covert Copy, AI-ready capabilities, partner integration tools and technical support.”
