Seagate Divests Lyve Cloud to Enhance Core Storage Focus
AI-summarised brief · reviewed before publication
Seagate divests Lyve Cloud to Wasabi, sharpening focus on mass-capacity storage as AI-driven data demand accelerates. The move streamlines operations and aligns resources toward rising global demand for large-scale data storage infrastructure. Lyve Cloud customers will benefit from simpler pricing and broader global infrastructure through Wasabi, while Seagate concentrates on advancing its leadership in mass-capacity storage solutions, driven by evolving customer needs and technological advancements.