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Virident to be acquired by Western Digital for $685 million

Sep 09, 2013

Irvine, Milpitas, and E. Palo Alto, Calif., Sept. 9, 2013 -- We are pleased to report that Virident, a portfolio company of Artiman Ventures II, has entered into a definitive agreement to be acquired by Western Digital for approximately $685 million in cash. Virident is a provider of SSD and flash storage solutions for enterprise applications. The Company was incubated in 2006 by Kumar Ganapathy and Vijay Karamcheti while Entrepreneurs-in-Residence at Artiman. Artiman was the seed and lead investor as well as the largest shareholder. The Company was also backed by Sequoia Capital, Globespan Capital Partners, Cisco Systems, EMC, Seagate Corp, and Intel Capital.

See the full press release at http://www.wdc.com/en/company/pressroom/releases/?release=4df6c345-34ba-44b1-928f-8050abe0da74