Apr, 2026 : Wasabi Acquires Seagate Lyve Cloud to Expand Storage

📅 April 10, 2026 - Wasabi Technologies has acquired Seagate's Lyve Cloud business, marking a significant shift in the cloud storage landscape as enterprises seek alternatives to hyperscale providers. The deal, which includes Seagate taking an equity stake in Wasabi, reflects growing demand for predictable, cost-efficient storage platforms as data volumes surge across AI, analytics, and backup workloads globally.

The acquisition signals a consolidation move in the object storage market, where specialized providers are increasingly positioning themselves against hyperscalers by emphasizing simplicity, pricing transparency, and performance.

For Wasabi, the deal strengthens its claim as a pure-play cloud [...][... Check source for end of article ...]

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Company: Wasabi

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