| Q: |
What specifically did STEC acquire and how much did it pay KQI? |
| A: |
We acquired intellectual property rights and certain hardware and testing equipment. The terms of the agreement are not being disclosed. |
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| Q: |
Why is it important to grow your software capabilities — isn't STEC a hardware company? |
| A: |
Enterprise storage requirements continue to demand faster access to data, driving the convergence of storage hardware and software architectures. In addition, evolving storage architectures are going to continue to rely on SSDs for performance. By expanding its software development expertise, STEC can be the innovator of these changes in ways that help accelerate SSD adoption. |
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| Q: |
Why did you recruit this team of software engineers from KQI? |
| A: |
Founded in 2008, the team of approximately 30 software engineers at KQI has amassed significant experience in enterprise software development. They have deep expertise in bringing server storage software applications to market for customers around the globe and will provide an added level of depth to our base of storage software experts. |
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