Aug 24, 2015

Seagate And Kingsoft Cloud Sign Strategic Cooperation Agreement

Strategic Agreement to Cooperate on Cold Storage, the Kinetic Platform and Flash Products, Further Enhancing the Development of Cloud Computing in China

BEIJING, CHINA — Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, today signed a strategic cooperation agreement with Kingsoft Cloud Group, the leading cloud computing service provider in China. The pact will involve both parties deepening their research and cooperation into the Seagate® Kinetic Open Storage platform for cold storage, health management and flash solutions.   

Under the agreement, Seagate commits to providing senior engineers and experts helping Kingsoft Cloud provide clients with “fast” services while Kingsoft Cloud will prioritize Seagate’s products and solutions when selecting storage equipment. Prior to the agreement, Seagate had built a relationship with Kingsoft Cloud to deploy its leading flash storage solution as well as its energy-efficient, high-capacity hard drive— the Seagate® Terascale™ HDD.

“As the leading enterprises in their respective domains, Kingsoft Cloud and Seagate will integrate their superior resources to further develop the scale and depth of the cloud computing market and create a more comprehensive cloud service ecosystem,” said Wang Yulin, Kingsoft Cloud’s CEO.

In recent years, the rapid development of cloud computing has stimulated great interest and debate in China. The market value of cloud computing will exceed RMB100 billion (US$16.6 billion) this year, according to industry estimates. Seagate and Kingsoft Cloud are continuing to collaborate on nurturing the cloud market.

“Cloud storage will become a natural trend for storage technology development in the future. As the leader in cloud storage, Seagate has built strategic cooperation alliances with many of China’s leading enterprise-level firms including Baidu, Tencent, Huawei and China Telecom to boost cloud computing services in China,” said Ms. Sandy Sun, Seagate’s vice president and general manager for China. “We are pleased to deepen our strategic relationship with Kingsoft Cloud and further strengthen our leadership in the Chinese enterprise market.”

The Seagate Kinetic Open Storage platform encourages adoption of cloud storage by improving the cost effectiveness of storage solutions in some cases cutting costs by up to 50 percent. The Seagate Kinetic Open Storage platform restructures traditional storage server architectures from the bottom up, connecting object-oriented applications directly to the storage device. This allows for the removal of several layers of hardware and software used in traditional stacks reducing operational costs.

The high performance Seagate® Nytro® solution will be implemented into the Kingsoft Cloud network helping to ease the CPU burden and enable the delivery of faster database processing for higher levels of performance. Seagate’s flash-based Nytro product portfolio combines high performance flash technology with intelligent management software. Nytro products are designed to deliver ultra-high performance, reduced latency and lower CPU burden for the most demanding database applications and I/O-intensive workloads.

Besides deepening technical cooperation on current high-performance flash computing and high-capacity storage, Seagate and Kingsoft Cloud will expand collaboration on Hybrid cloud solutions. Together the companies aim to launch a system that will utilize industry-leading storage hardware from Seagate and hybrid cloud technology from Kingsoft Cloud. This will help their clients meet the explosive growth of data and increasingly complex security environments.  

Kingsoft Cloud was founded in 2012 and has developed a world-class cloud computing service for enterprises incorporating industry leading technology and an associated ecosystem.  The company is a unit of top Chinese software company Kingsoft (HKSE:3888).

About Seagate
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©2015 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, Terascale, Nytro and the Seagate logo, are trademarks or registered trademarks of Seagate Technology LLC or its affiliates in the United States and/or other countries.

About Kingsoft Cloud                                                                                                                                   
Belonging to Kingsoft Group, Kingsoft Cloud relys on the Kingsoft's 20 years deep technical accumulation to deliver a world-class enterpris-level cloud services with its leading user experience and server-side technology. Meanwhile, Kingsoft Cloud owns cloud gaming platform to serve CP and channel distributers, providing a complete cloud computing solution to game companies in their process of developing, testing, deploying, operating and promoting.