Seagate Technology plc and Virident Systems Inc., will join forces to deliver flash-based PCIe solutions for the enterprise market. Under their agreement, Seagate will immediately offer a complete line of flash-based PCIe solutions to its OEM and distribution partners. In addition, Seagate and Virident intend to create hardware and software solutions for the solid-state storage market. In conjunction with the agreement, Seagate has made a strategic equity investment in Virident, and will appoint one member to the Virident Board of Directors.

"Together, we are working to develop the next-generation hardware and software solutions in the PCIe space. Our solid-state strategy is founded on both in-house development and through strategic partnerships with innovative companies to deliver the broadest portfolio in the industry. We believe that this strategic agreement immediately strengthens our leading position in the enterprise storage market by adding a broad line of Seagate flash-based PCIe solutions powered by Virident to our portfolio. We look forward to a long, productive partnership with Virident," said Gary Gentry, senior vice president and general manager, Solid State Drives at Seagate.