sTec, Inc.

sTec
Industry Computer data storage
Fate Acquired by HGST, a Western Digital company
Predecessor Simple Technology
Founded March 1990
Headquarters California, USA
Number of locations
 San Jose, Sunnyvale and Santa Ana, Calif., USA; China; Germany; India; Italy; Japan; Malaysia; Taiwan
Parent Western Digital
Website hgst.com

sTec is a computer data storage technology company headquartered in California,[1] with research and development, sales, support or manufacturing sites in China, India, Japan, Malaysia, Silicon Valley, and Taiwan.

sTec, formerly Simple Technology, was founded by Manouch Moshayedi and Mark Moshayedi in 1990.

sTec designs, develops and manufactures solid-state drives (SSDs) based on flash memory and dynamic random access memory (DRAM), providing them to large-scale data center environments and original equipment manufacturer (OEM) customers.[2] Customers include Dell, EMC, Fujitsu, HP, and IBM.[2][3] sTec also has distributors, resellers and system integrators.

sTec was acquired by HGST, a Western Digital company. Western Digital completed the acquisition of sTec on September 12, 2013.

History

In 1990, Manouch Moshayedi and Mike Moshayedi started Simple Technology, a company that designed and sold computer memory modules.[4] Three years later, Mark Moshayedi joined the company. Manouch and Mike are brothers. They are of Iranian (Persian) descent. Mark is related to them. [4]

In 1994, Simple Technology bought Cirrus Logic’s flash controller operation, to enter the flash memory business for consumer electronic devices.[4] In 1998, Simple Technology bought SiliconTech Inc., obtaining that company's business flash memory customer base and operation.[4] In 1999, sTec was first to market the 1 GB solid-state IDE storage devices, SDRAM modules and also 320 MB Type II CompactFlash.

Simple Tech became a publicly traded company on the NASDAQ stock exchange on September 26, 2000, under the ticker symbol of STEC.[5]

That same year, Simple Tech sold its consumer business to Fabrik Inc. of San Mateo, California, and renamed itself sTec.[4] The company then focused on business-flash memory products. At that point Mike Moshayedi resigned from sTec, Mark Moshayedi became president and chief operating officer and Manouch Moshayedi became CEO.[4][6]

In March 2007, Mark Moshayedi was promoted to president.[7] This same year, sTec became the industry's first supplier to deploy enterprise-class SSDs to OEMs.

In 2009, after announcing EMC Corporation as the sole customer of its ZeusIOPS enterprise SSDs, sTec sales reached the $1 billion market capitalization.[3] In April 2011, sTec announced it acquired the assets of Knowledge Quest Infotech Private Limited in Pune, India.[8]

In September 2012, Mark Moshayedi was named sTec chief executive officer.

On June 24, 2013, Western Digital corporation announced sTec would become part of its HGST subsidiary, with a purchase price estimated at $340 million.[9][10]

Technology

Flash memory storage devices are sold by sTec with varying capacities and with interfaces including serial attached SCSI and PCI Express.[11][12] The company's primary product lines are:

References

  1. ↑ Bloomberg BusinessWeek. “STEC Profile.” September 20, 2010.
  2. 1 2 By Beth Pariseau, SearchStorage. “STEC Inc. CTO looks at the future of flash and solid-state drives.” August 17, 2009.
  3. 1 2 By Paul Shread, Enterprise Storage Forum. “STEC Has EMC to Thank for Its Rapid Growth.” August 4, 2009.
  4. 1 2 3 4 5 6 By Chris Mellor, The Register. “There’s a lot of sizzle with this STEC.” June 17, 2008.
  5. ↑ MSN Money. “STEC, Inc. MSN Fact Sheet.”
  6. ↑ By Om Malik, GigaOm. “Fabrik to buy SimpleTech, get big fast.” February 11, 2007.
  7. ↑ NewsBlaze. “STEC Promotes Chief Technical Officer and Chief Operating Officer Mark Moshayedi to President.”
  8. ↑ "STEC Acquires Assets of InfoTech PVT LTD and establishes a strategic R&D presence in India" (PDF). Press release. April 19, 2011. Archived from the original (PDF) on December 11, 2011. Retrieved August 29, 2013.
  9. ↑ "Western Digital Unit To Acquire STec For $340 Mln In Cash - Update". RTT News. June 24, 2013. Retrieved August 29, 2013.
  10. ↑ "Western Digital To Strategically Expand Its Position in the Enterprise Solid State Storage With The Acquisition of sTec, Inc.; Company To Be Fully Integrated Into HGST". Press release. June 24, 2013. Retrieved August 29, 2013.
  11. ↑ Beth Pariseau (March 16, 2010). "LSI delivers Flash-based PCIe card with 6 Gbps SAS Interface". SearchStorage.
  12. ↑ Carol Sliwa (March 15, 2010). "PCIe-based solid-state storage sees uptick in shipments, usage". SearchStorage.
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