Seagate Lyve Cloud Expands to New Regions and Adds Key New Offerings

Rhea-AI Summary

Seagate Technology (NASDAQ: STX) plans to expand its Lyve Cloud services by adding seven new global regions, including locations in the U.S., U.K., Germany, India, and Japan. This will increase its total cloud presence to ten regions with 16 availability zones. The company is launching Lyve Cloud Archive for optimized storage costs and a new Lyve Cloud Marketplace for tailored partner solutions. Notably, Seagate aims to achieve HIPAA compliance in the U.S. to cater to the healthcare sector. These initiatives aim to enhance data accessibility and support mass data growth.

Positive

• Expansion to seven new global regions enhances cloud service accessibility.
• Launch of Lyve Cloud Archive improves total cost of ownership (TCO) for cloud storage.
• Introduction of Lyve Cloud Marketplace facilitates integrated procurement for partner solutions.
• Plans for HIPAA compliance certification open opportunities in the healthcare industry.

Negative

• None.

Plans include seven new global regions, archival storage service, and service marketplace

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, today announced its extensive plan to expand Seagate^® Lyve™ Cloud regions and offerings including Lyve Cloud Archive storage service and Lyve Cloud Marketplace. The expansion reinforces the company’s commitment to solving today’s data complexity challenges and serving the mass data ecosystems with the object storage service designed for multicloud freedom.

The expansion plan includes new Seagate Lyve Cloud regions in Oklahoma City, Washington DC, and Dallas in the United States (U.S.), as well as the United Kingdom, Germany, India, and Japan. The new regions will complement the company’s existing Lyve Cloud presence in the U.S. and Singapore, for a total of 10 regions with 16 availability zones.

The company is also rolling out Lyve Cloud Marketplace, a one-stop shop for Seagate Lyve Cloud validated partner solutions. Lyve Cloud Marketplace will enable customers to purchase tailored solutions from Seagate Lyve Cloud partners and enjoy an integrated procurement and billing process from a single platform.

Additionally, Seagate is launching Lyve Cloud Archive, a unique and independent cloud storage service that delivers breakthrough total cost of ownership (TCO) without complex data management tiering or hidden fees. Seagate Lyve Cloud Archive provides TCO advantages with uncompromised features of Seagate’s flagship Lyve Cloud object storage service to support data security, mobility and durability. The archival-only cloud storage is ideal for large-scale video and image repositories, secondary data sets, backup copies and any data that lives outside of an analytics or transaction-intensive workflow.

As part of the expansion, Seagate is also working to secure Health Information Portability Accountability Act (HIPAA) compliance certification in the U.S. Certification will allow the company to extend Seagate Lyve Cloud service to the healthcare industry and medical service providers who must follow stringent data privacy and compliance requirements.

“To better serve customers' data management challenges, we are expanding the cloud regions, increasing data accessibility at metro edges, and offering Lyve Cloud Archive with predictable and compelling cloud economics for customers’ mass data growth,” said Ravi Naik, executive vice president of storage services and CIO at Seagate. “Lyve Cloud Marketplace bolsters our offerings by making it easy to find and shop partner applications that integrate with Seagate Lyve Cloud. We are looking forward to growing the marketplace with more partners to come.”

Seagate Lyve Cloud is built to enable multicloud freedom, allowing the customers to retain full control of their data while lowering the cloud TCO for storing, accessing and moving massive data sets. It is vendor-agnostic, providing frictionless cloud capabilities with simplicity, flexibility and cost predictability. For more information about Seagate 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, 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/20220505005022/en/

For More Information Contact:

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 are the new regions Seagate is expanding to for Lyve Cloud services?

Seagate is expanding to Oklahoma City, Washington DC, Dallas, the U.K., Germany, India, and Japan.

What is the purpose of the Lyve Cloud Archive service being launched by Seagate?

Lyve Cloud Archive aims to provide a cost-effective cloud storage solution without complex data management and hidden fees.

How does Seagate plan to support the healthcare industry with its Lyve Cloud services?

Seagate is working to secure HIPAA compliance certification in the U.S. to serve healthcare providers' data privacy needs.

What is Seagate's Lyve Cloud Marketplace?

Lyve Cloud Marketplace is a platform that allows customers to purchase tailored solutions from Seagate Lyve Cloud partners.