Storage solutions provider Western Digital Corp. (WDC) recently expanded its My Cloud solutions with My Cloud EX4, a broader portfolio of network attached storage (NAS) hard drives.
My Cloud EX4 enables users to manage huge volumes of digital data, which in turn helps them to store, organize and secure photos, videos, music and important documents from computers and mobile devices. These files can then be accessed from any part of the world. The launch of My Cloud EX4 will help WDC to meet growing business needs with improved flexibility and security.
This 4-bay NAS device features a 2.0 GHz processor, 512 MB of RAM, USB 3.0 ports, Twonky 7.2, DLNA-certified 1.5 media server and iTunes support, which ensure data protection and reliability.
Additionally, the My Cloud EX4 is also accessible through Apple’s (AAPL) iOS and Google’s (GOOG) Android operating systems, which enables users to access their files via smartphones or tablets. My Cloud EX4 is available in 8 TB, 12 TB and 16 TB capacities, thus providing adequate storage capacity.
Priced at $799.99 for 8 TB, $949.99 for 12 TB and $1,149.99 for 16 TB, the My Cloud EX4 is currently available at selected U.S retailers and online. Moreover, the diskless My Cloud EX4 has a MSRP of $380.
According to a recent survey by Gartner, the average household will require about 3.3 TB of storage by 2016. The growing demand requires a new storage standard and easy accessibility.
Moreover, Western Digital has been expanding its presence in the solid state drive (SSD) storage market due to sluggish demand in the PC market (which primarily relies on HDD). SSDs are now being used in servers due to the reduction in latency, which in turn helps in faster response to real-time applications. Therefore, focusing on SSDs for the enterprise segment looks like a smart move in the current scenario.
Western Digital has been acquiring companies to strengthen its SSD lineup. The company recently announced the acquisition of Virident Systems Inc. for $685 million. The acquisition strengthens Western Digital’s position in the storage market, especially compared to peers such as Seagate Technology (STX) and Fusion-io, Inc.
Currently, Western Digital has a Zacks Rank #3 (Hold).
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