Feeds

Verbatim buys into portable HDs

Media maker finally notices nobody uses floppies anymore

High performance access to file storage

Media manufacturer Verbatim has bought SmartDisk, a US-based vendor of portable and external disk drives and flash readers. The deal was agreed last month and finalised yesterday.

The acquisition includes physical assets, patents, trademarks and technology. Verbatim said it would also hire some SmartDisk engineering, operations and marketing staff "to smooth the transition and help with business growth".

It's clear that Verbatim - or rather, its Japanese parent Mitsubishi Kagaku Media (MKM) - now sees portable hard disks as part of the same fast-growing 'removable storage ecosystem' as flash memory cards and USB sticks.

"The acquisition of SmartDisk's external and portable hard drive assets is complementary to Verbatim's existing business," said MKM boss Shigenori Otsuka. "Plans are already underway to leverage these assets and Verbatim's heritage to extend quickly our global leadership in the removable storage and related accessories markets."

He added, "Today's consumers and business professionals need the full range of portable storage options - hard disk, optical and flash. Now, we can meet all of their storage requirements."

Verbatim quoted an IDC prediction that more than six million external hard drives will be shipped in 2008, up 58 percent from the 3.8 million units shipped in 2006.

Headquartered in Florida, SmartDisk also had a European sales office in the Irish Republic and an Asian operations office in Taiwan. The cost of the purchase was not disclosed, but SmartDisk had 2006 revenues of $44m.®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.