Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, and Dot Hill Systems Corp. (NASDAQ: HILL), a trusted supplier of innovative software and hardware storage systems, today announced that they have entered into a definitive agreement under which a wholly-owned indirect subsidiary of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of approximately $694 million on a fully-diluted equity value basis.

Dot Hill’s external storage array-based systems and software products will complement and expand Seagate’s storage systems offerings and be offered as part of Seagate’s Cloud Systems and Electronics Solutions business. Seagate will leverage Dot Hill’s storage technology IP portfolio and software capabilities to drive innovation and provide incremental value to their combined OEM customer base.

In today’s interconnected world, Dot Hill storage solutions support people accessing information, and machines collecting sensor data, all in real time. Dot Hill’s solutions combine innovative intelligent software with the industry’s most flexible and extensive hardware platform and simplified management to deliver best-in-class solutions. Leveraging its proprietary AssuredSAN family of hybrid storage solutions with RealStor, the next generation real-time storage operating system, Dot Hill solves today’s storage workload challenges created by the Internet of Things and third platform technologies.

Hybrid and All-Flash Arrays Our components are precisely engineered, integrated and tested to work seamlessly together: the enclosure, the controller, the drives and the software make for a completely optimised end-to-end system. This is not an ad hoc system of pieces and parts, but a purposefully built solution with a lower TCO that delivers performance, capacity, speed and reliability exactly when and where it’s needed

RealStor starts with innovative components that are purposefully built and tested to function seamlessly together to deliver performance, capacity, speed and reliability exactly where and when it’s needed, with the lowest TCO. We fully integrate data storage components so they’re engineered and tested to work flawlessly together: the enclosure, the controller, the drives and the software create a completely optimised end-to-end system. The result is not just pieces and parts that aren’t engineered to work together, but far better storage building blocks that create a solid data storage foundation

If your customers are looking for out of the box functionality, and easy confirguration, Seagate is your solution. Different areas of a business need different IT solutions. Many times components are delivered from multiple vendors, which means more work for procurement to manage many suppliers, for sales and support staff to understand a wide variety of products and for operations to keep track of all the unique offerings.