Dallas, Texas 07/14/2015 (Financialstrend) – Seagate Technology PLC (NASDAQ:STX) with its massive footprint as a storage solutions provider had good news to share with its investors in Monday. The company has announced that it will now integrate software by storage solutions major IBM’s Spectrum Scale with its flagship product ClusterStor™ High Performance Computing Storage. The integration will lead to a new software driven storage appliance.
The integration of the leading two aspects of storage solutions is expected to yield productivity and efficiency, besides suggesting gains. These solutions are especially focused on expanding Data Intensive Markets.
Seagate Technology PLC (NASDAQ:STX) integrated solutions are expected to enhance scope of work with data-intensive workloads. These include genomic research as well as digital media, computer aided design segments. It will also enhance financial model analysis as well as electronic design simulations.
According to General Manager and Vice President, Ken Claffey, clients will now be able manage data-hungry computing applications with higher efficiency.
Seagate Technology PLC (NASDAQ:STX) built ClusterStor is aimed at overcoming some of the core challenges of the HPC storage segment. It helps in better performance, delivering power as well scalability and reliability in industries requiring supercomputing applications. IBM Spectrum Scale is part of the larger storage software which the company provides for global companies with a massive data management protocol. The differentiator is the single dashboard to manage the storage solution.
The new integrated solutions are to be available in markets by late 2015. The solution which includes hard disk drives as well as storage systems on advanced architecture will ensure better performance besides improved productivity levels. The solutions are also expected to cut down on HPC storage ‘total cost of ownership’ as well. The cost cutting is expected to be gained by lowering the data center space and drop in power consumption, as well as cooling costs.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.