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| Industry | Computer data storage |
|---|---|
| Predecessor | Simple Technology |
| Founded | March 1990; 35 years ago (1990-03) |
| Defunct | June 2013 (2013-06) |
| Fate | Acquired byHGST, aWestern Digital company |
| Headquarters | , USA |
Number of locations | San Jose, Sunnyvale and Santa Ana, Calif., USA; China; Germany; India; Italy; Japan; Malaysia; Taiwan |
| Parent | Western Digital |
| Website | hgst |
sTec, Inc., was an Americancomputer data storage technology company headquartered inCalifornia.[1] It had research and development, sales, support and manufacturing sites inChina,India,Japan,Malaysia,Silicon Valley (USA), andTaiwan.
sTec, formerlySimple Technology thenSimpleTech, was founded by Manouch Moshayedi and Mark Moshayedi in 1990. The company designs, develops and manufacturessolid-state drives (SSDs) based onflash memory anddynamic random access memory (DRAM), providing them todata center environments andoriginal equipment manufacturer (OEM) customers.[2]
Customers includeDell,EMC,Fujitsu,HP, andIBM.[2][3] sTec also has distributors, resellers and system integrators.
sTec was acquired byHGST, aWestern Digital company. Western Digital completed the acquisition of sTec on September 12, 2013.
In 1990,Simple Technology was founded by two brothers fromIran: Manouch Moshayedi and Mike Moshayedi. Using $100,000 of their own savings, the brothers created a company that designed and sold computer memory modules. Three years later, Mark Moshayedi (aged 38 at the time) joined the company as chief operating and technical officer.[4][5] They are of Iranian (Persian) descent.[6] Mark is related to them.[citation needed] From 1990 to 2007, the company designed and manufacturedflashsolid-state drives,dynamic random-access memory (DRAM), andstatic random-access memory (SRAM).[citation needed].
In 1994, Simple Technology boughtCirrus Logic’s flash controller operation, to enter theflash memory business for consumer electronic devices.[6] In 1998, Simple Technology bought SiliconTech Inc., obtaining that company's business flash memory customer base and operation.[6] In 1999, sTec was first to market the 1 GB solid-state IDE storage devices,SDRAM modules and also 320 MB Type IICompactFlash.[citation needed]
Simple Technology became a publicly traded company on theNASDAQ stock exchange on September 26, 2000, under the ticker symbol of STEC.[7]
The company shortened its name to SimpleTech in 2001.[8][9][5]
The SimpleShare consumernetwork attached storage device was announced in November 2004.[10] In 2006, SimpleTech announced its first portable external hard drive designed by Pininfarina.[citation needed]
In early 2007, the company sold the SimpleTech consumer division toFabrik Inc. (a company funded and founded by Keyur Patel, Anaal Udaybabu along with Mike Cordano) for $43 million in cash.[8][9][5][11][6]
Fabrik continued to develop and market products under the SimpleTech brand including the Joggle.comwebsite and the environmentally friendly [re]drive introduced in 2008.[12][13][14][15][16][17][18]
Fabrik was acquired byHitachi in 2009 for an estimated $950 million.[citation needed]
Following the 2007 sale, the remaining OEM business then operated asSTEC, Inc. (later stylized as sTec, Inc.), and was publicly traded onNASDAQ until being acquired in 2013.[citation needed] The company then focused on business-flash memory products. At that point Mike Moshayedi resigned from sTec, Mark Moshayedi became president and chief operating officer and Manouch Moshayedi became CEO.[6][19]
In March 2007, Mark Moshayedi was promoted to president.[citation needed] This same year, sTec became the industry's first supplier to deploy enterprise-class SSDs to OEMs.
In 2009, after announcingEMC Corporation as the sole customer of its ZeusIOPS enterprise SSDs, sTec sales reached a $1 billion market capitalization.[3]
In April 2011, sTec announced it acquired the assets of Knowledge Quest Infotech Private Limited inPune,India.[20]
In September 2012, Mark Moshayedi was named sTec chief executive officer.[21]
On June 24, 2013,Western Digital corporation announced sTec would become part of its HGST subsidiary, with a purchase price estimated at $340 million.[22]
SimpleTech is a consumer brand of externalhard drives andbackup products owned byFabrik Inc. and designed to integratecomputer hardware,software, andonline services to help consumers store, protect, manage, and share digital content. The brand and product line was originally created by Simple Technology, a company founded in 1990, which later changed its name to SimpleTech in 2001.
The SimpleTech brand and consumer products includedflash memory cards,USB flash drives, memory upgrades, and external and portable disk drive storage, to Fabrik in February 2007. Fabrik acquired the SimpleTech's storage platform to integrate and deliver backup andcontent management software andweb services (FabrikUltimateBackup.com and Joggle.com), allowing consumers to store, access, manage and share their digital content.[23]
The SimpleTech product line includes the Signature Mini USB Portable Drives, the Pro Drive family, and the environmentally friendly SimpleTech [re]drive.[24] The original design of the SimpleTech portable external storage product line was inspired by theFerrari design teamPininfarina.[24][8][9][25]
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