Wasabi Technologies LLC acquired Lyve Cloud business from Seagate Technology on April 3, 2026. Susan Pravda, Alexander Miska, Benjamin Dryden, Casey Knapp, Beth Lamontagne, Samuel Goldstick, Christopher McKenna, John Palmer, Sonia Kothari, Larry Perlman, Mark Neuberger, Joshua Roling, Christopher Swift and Nick Johnson of Foley & Lardner LLP and Wachtell, Lipton, Rosen & Katz acted as legal advisors to Wasabi Technologies.
Wasabi Technologies LLC completed the acquisition of Lyve Cloud business from Seagate Technology on April 3, 2026.
Seagate Technology Holdings plc is the world's leading manufacturer of data storage systems. Its products are sold under the Seagate, LaCie, Lyve, MACH.2, and Mozaic brands. Net sales break down by family of products as follows:
- mass data storage systems and platforms (81%): designed for data centers, cloud storage servers, and large cloud infrastructures.
- internal hard drives and external storage systems (12%): hard disk drives (HDDs) and solid-state drives (SSDs) designed for PCs, laptops, consumer electronics, etc.
- other (7%): including data recovery, restoration, and migration services.
Net sales break down by channel of distribution between original equipment manufacturers (80%), resellers and enterprises (11.7%), and independent distributors (8.3%).
At June 27, 2025, the group had 7 production sites located in the United States, Thailand (2), Ireland, Malaysia, Singapore, and China.
Net sales are distributed geographically as follows: the United States (48.5%), Singapore (41.3%), and the Netherlands (10.2%).
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ESG MSCI
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