Seagate Enhances Cloud Infrastructure Portfolio with Agreement to Acquire Dot Hill

This week, Seagate Technology announced its intention to acquire Dot Hill Systems Corp. According to the press release, Seagate plans to commence with a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share. If you do the math, that will equate to approximately $694 million. Dot Hill does, however, have approximately $49 million in cash, so the deal reflects a value of $645 million. Depending on how you project out DotHill’s revenue for the rest of the year, the acquisition price reflects around 2.3X to 2.6X revenue. As far as prices go, this one can be considered affordable or expensive depending on which other acquisitions you use as a comparison, so I guess that means it is probably a reasonable price.

Topics: Storage cloud Dot Hill

Dot Hill Gets Real(Stor 2.0) Strong Software Functionality (video)

A few weeks ago I wrote about some of the surprising effort and capabilities that Dot Hill puts into its hardware platforms. Today, it unveiled its most comprehensive and compelling software functionality yet: RealStor 2.0. In a nutshell, it offers every major storage capability that a mid-range user could want, plus a few that until now those users thought were the strict preserve of enterprise systems alone. I recently spoke with members of the Dot Hill product and maketing teams to produce a succinct video summary of the RealStor 2.0 highlights

Topics: Storage Dot Hill virtualized storage systems

Dot Hill - A Video Look Behind the Engineering Scenes

Storage isn't all about the IOPS and TBs. It has to work, be usable, and indeed get to its place of use along the same roads (with the same potholes and construction) as anything else.

Topics: Storage IT Infrastructure Mark Peters Dot Hill