Dutch
Wasabi Technologies has signed a definitive agreement to purchase the Lyve Cloud business from Seagate Technology. As part of this deal, Seagate will obtain an equity stake in Wasabi, officially becoming a shareholder. While specific financial terms have not been made public, the transaction represents a major consolidation in the pure-play cloud storage market.
Wasabi security graphic
David Friend, co-founder and CEO of Wasabi, stated that the acquisition strengthens the company’s standing as a leader in independent cloud storage. Integrating Lyve Cloud brings a dedicated enterprise customer base into Wasabi’s ecosystem. These customers will migrate to Wasabi’s global data center infrastructure, which includes specialized security tools like Covert Copy and built-in AI capabilities. The provider plans to sustain high standards of technical support and partner integration for the incoming Lyve Cloud users.
For Seagate, the divestiture serves a clear strategic goal. Gianluca Romano, Seagate’s CFO, noted that the sale enables the company to refocus its resources on its core mass-capacity storage hardware operations. As demand for high-capacity drives keeps rising, Seagate intends to prioritize manufacturing and innovation in hard drive technology. By transferring the cloud service to Wasabi, Seagate ensures its existing cloud customers are served by a specialized provider, while the manufacturer retains an indirect interest through its new equity position.
Engineering for Enterprise Scale
The widespread adoption of AI initiatives, large-scale analytics, and extensive video workloads is currently fueling demand for enterprise-grade storage. As organizations handle data volumes that reach petabyte scale, total cost of ownership and vendor complexity have become key considerations in infrastructure design. Many companies are moving away from traditional hyperscalers, opting instead for providers that offer predictable pricing models and strong security—without the egress fees commonly linked to legacy cloud platforms.
Lyve Cloud established itself as a viable enterprise platform by focusing on compliance and security features. By combining these assets with Wasabi’s established channel reach and execution strategy, the merged entity offers a streamlined alternative for professional IT environments. The acquisition aims to deliver consistent performance at scale while addressing the economic challenges of long-term data retention.
Ecosystem Integration and Data Protection
The combination of these two platforms simplifies the data protection and backup landscape for administrators. Both Wasabi and Lyve Cloud have deep integrations and certifications with top backup software providers, including Veeam, Rubrik, and Commvault. This overlap ensures that existing automated workflows and S3-compatible API calls remain operational during and after the transition.
For channel partners and system integrators, the acquisition reduces the burden of managing multiple independent S3-compatible storage vendors. By unifying the service under one brand, Wasabi enhances its ability to support mission-critical backup and recovery workloads. This move strengthens the broader ecosystem of independent storage solutions, providing technical teams with a reliable, cost-effective destination for enterprise data offloading.
Beijing Qianxing Jietong Technology Co., Ltd.
Sandy Yang/Global Strategy Director
WhatsApp / WeChat: +86 13426366826
Email: yangyd@qianxingdata.com
Website: www.qianxingdata.com/www.storagesserver.com
Business Focus:
ICT Product Distribution/System Integration & Services/Infrastructure Solutions
With 20+ years of IT distribution experience, we partner with leading global brands to deliver reliable products and professional services.
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Sandy Yang/Global Strategy Director
WhatsApp / WeChat: +86 13426366826
Email: yangyd@qianxingdata.com
Website: www.qianxingdata.com/www.storagesserver.com
Business Focus:
ICT Product Distribution/System Integration & Services/Infrastructure Solutions
With 20+ years of IT distribution experience, we partner with leading global brands to deliver reliable products and professional services.
“Using Technology to Build an Intelligent World”Your Trusted ICT Product Service Provider!