Owners
Dot Hill Systems — the software maker and the equipment for data storage. By August, 2015 production of the company in the Russian market is prormoted by distributors of ELKO and DSCon.
2015: Seagate buys Dot Hill
On August 18, 2015 Seagate Technology announced purchase of software developer and the equipment for data storage of Dot Hill Systems. By means of this acquisition the American producer HDD expects to strengthen the cloud business.
Under the terms of the signed agreement, Seagate will pay cash to shareholders of Dot Hill $9.75 for each security belonging to them that it is 88% more than the share value at the time of closing of the exchange on August 18, 2015 to the declaration of the transaction. After sale of Dot Hill was announced, the quotations of the company jumped by 85% up to $9.6 during the prolonged exchange session.
The total cost of the transaction which is going to be closed at the end of 2015 will be $694 million. Profit on it will be considered in results for 2016 financial year.
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