This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Seagate Embraces Open Source: Joins The OpenStack Foundation And Open Compute Project

Seagate Technology plc (NASDAQ: STX), a worldwide leader in storage solutions, today announced it has become a corporate sponsor member of the OpenStack Foundation and Open Compute Project as part of a collaborative effort to partner with industry leaders to define and promote open source standards for cloud computing. In a show of support, the company will help cloud builders to develop more scalable, customizable solutions using open platforms while reducing operating costs and providing benefits for consumers in the marketplace.

“Today’s explosion of data has forced cloud and big data customers to constantly look for ways to improve their storage infrastructure while lowering their total cost of ownership,” said Scott Horn, Seagate’s vice president of marketing. “As an industry pioneer, Seagate is excited to take the first of a number of industry changing steps in joining the open source community and leveraging our vast knowledge of storage and cloud optimized solutions to help foster the growth of cloud storage solutions.”

By becoming official members of the OpenStack Foundation and Open Compute Project, Seagate will be joining a community of more than a 150 companies who are committed to building cloud architecture based on open source software and open standards including Rackspace, Red Hat, AT&T, Cisco, HP, and Dell. As a member of both organizations, Seagate will lend its expertise helping to optimize open hardware and software systems to take advantage of Seagate’s storage technology.

“We are excited to welcome Seagate to the OpenStack community,” said Mark Collier, COO of the OpenStack Foundation. “Their commitment to open cloud architecture and extensive storage expertise will benefit the whole community. We look forward to advancing the OpenStack mission with the support of Seagate.”

“As customers venture into the cloud, key factors influencing buying decisions are choice of architecture and data portability because clients do not want to be locked into vendors or proprietary architectures,” said Dan Iacono, IDC’s research director for storage in cloud solutions. “Seagate’s commitment to open communities, such as OpenStack and Open Compute, where people with similar philosophies about cloud architecture and open source software and hardware openly collaborate together to develop the best solution possible is only going to benefit all stakeholders, consumers and the industry in general.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs