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Tuesday, February 24, 2009
Fabrik, parent to G-Technology and SimpleTech, has been acquired by Hitachi Global Storage Technologies, the division birthed out of Hitachi’s purchase of IBM’s AdStar disk drive division in 2003. According to Hitachi’s press release, Fabrik, “will continue intact and form the core of Hitachi GST’s newly-formed external storage business. Hitachi GST will fully support the G-Technology and SimpleTech product lines, building upon their success and differentiation in the market. The combined company will also leverage operational, technical and product development resources, distribution channels and global reach to accelerate delivery of a full portfolio of traditional hard drives, solid state drives and branded personal and professional storage products.”
Steven Milligan, President of Hitachi GST, called Fabrik a key component for growth at Hitachi’s disk drive division saying, “The Fabrik acquisition becomes the cornerstone for the next phase of our business transformation. It strategically expands our market presence, strengthens our product portfolio, and increases our customer base.”
Fabrik’s CEO and co-founder Mike Cordano will join the executive team and he assures current customers that, “Hitachi GST provides Fabrik and its customers all the benefits of a vertically integrated company. We gain economies of scale, financial stability, association with a strong brand and a worldwide footprint to accelerate our business growth.”
