Seagate Expands Lyve Cloud Storage Services to Singapore

Rhea-AI Summary

Seagate Technology (NASDAQ: STX) has launched its cloud storage platform, Lyve Cloud, in Singapore, enhancing accessibility for global enterprises. Celebrating its anniversary, the platform focuses on providing simplicity, flexibility, and cost predictability in data management. With over 50 ecosystem partnerships, including Zadara and Equinix, Lyve Cloud aims to optimize mass data utilization. Key features include no lock-in, no API charges, and no egress fees, along with ISO27001 and SOC2 certifications ensuring data security.

Positive

• Lyve Cloud launched in Singapore, increasing market accessibility.
• Partnership with over 50 companies enhances cloud service offerings.
• Features include no lock-in, no API charges, and no egress fees, potentially lowering total cost of ownership (TCO).
• ISO27001 and SOC2 certifications meet enterprise data security needs.

Negative

• None.

Expansion and growing number of ecosystem partners make Lyve Cloud accessible to more global enterprises

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX), a world leader in data storage infrastructure solutions, launched its premiere cloud storage-as-a-service platform, Lyve™ Cloud, for businesses of all sizes in Singapore. The S3-compatible storage-only cloud known for its simplicity, flexibility and cost predictability has been trusted by many partners and customers since its launch in the United States last year.

“The Singapore launch marks Lyve Cloud’s anniversary, and I am proud that we are demonstrating our commitment to helping enterprises in more countries harness the flow of mass data,” said Ravi Naik, chief information officer and executive vice president storage services for Seagate. “This journey has been extraordinary with our close relationships with like-minded partners and customers who understand the value of data and are eager to accelerate their digital transformation and innovation.”

According to Seagate’s Rethink Data report, today's enterprises struggle to leverage their data efficiently and as much as two thirds of the data available to enterprises is not utilized due to data storage and management challenges. Enabling enterprises to build barrier-free mass data environments, Seagate introduced Lyve Cloud and collaborated with industry-leading cloud ecosystem partners to offer simple, efficient and well-integrated cloud storage services. Lyve Cloud now has over 50 companies in its ecosystem network, including Zadara, Equinix and PacketFabric, to help businesses to fully utilize their cloud infrastructure.

"Seagate's Singapore Lyve Cloud launch provides us with the opportunity to expand our storage offerings in the Asia Pacific region,” said Anna Claiborne, co-founder and CTO of PacketFabric. "Together, we can better serve our respective customers as they connect their networks and storage across multiple clouds and edges with the control and access they need to best manage their expanding data and realize its full value. PacketFabric is excited to work with Lyve Cloud to provide local cloud storage in Singapore."

Lyve Cloud offers data privacy, no lock-in, no API charges and no egress fees, allowing customers to retain full control of their data while lowering total cost of ownership (TCO) for storing, accessing and moving massive data sets. Lyve Cloud’s ISO27001 and SOC2 certifications meet the data security needs of enterprise customers and provide always-on encryption for data in motion and at rest. For more information about Seagate’s Lyve Cloud and use cases, please visit https://www.seagate.com/services/cloud/storage/

About Seagate

Seagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our blog.

©2022 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, Lyve Cloud and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220227005045/en/

Julie Chen +65 6807 7443

julie.sp.chen@seagate.com

Greg Belloni (415) 235-9092

gregory.belloni@seagate.com

Source: Seagate Technology Holdings plc

FAQ

What is the significance of Seagate's Lyve Cloud launch in Singapore?

The launch marks an expansion of Seagate's cloud storage services, improving accessibility for enterprises in the Asia Pacific region.

How many ecosystem partners does Lyve Cloud have?

Lyve Cloud has over 50 ecosystem partners, including notable companies like Zadara and Equinix.

What are the key features of Seagate's Lyve Cloud?

Lyve Cloud offers simplicity, flexibility, no lock-in, no API charges, and no egress fees, along with strong data security certifications.

What certifications does Lyve Cloud hold?

Lyve Cloud is certified under ISO27001 and SOC2, ensuring it meets enterprise data security standards.