Seagate Technology, Baidu Sign Strategic Cooperation Deal

(RTTNews) - Seagate Technology plc (STX), a storage solutions company, announced Monday the signing of a strategic cooperation agreement with Chinese language internet search provider Baidu (BIDU). The deal covers the fields of information technology, big data analysis and advanced storage system development and implementation.

The company noted that the pact renews an existing agreement between the two firms signed in September 2014, under which Baidu would give priority to Seagate when selecting storage products and solutions. Seagate also would give advanced access to products, services and support to Baidu, as well as assign a dedicated team of engineers to the company.

With regard to new products, Baidu will be at the forefront of Internet users in China implementing Seagate's new storage products. Both companies will jointly develop customized systems to meet Baidu business needs. In addition, the procurement model for both companies will be further upgraded to save costs for each side.

Baidu is applying Seagate enterprise drives for its proprietary data center and public cloud platform.

BS Teh, senior vice president of global sales and sales operations at Seagate Technology, said, "We've been placing great emphasis on the mutual development and close cooperation with Baidu. As one of our most important strategic partners, Baidu will continue to get full support from Seagate, and we will further cooperate at a deeper level to jointly develop customized high-performance products to meet Baidu's business needs."