SanDisk Acquires Fusion-io for US$1.1 Billion
It is no secret that SanDisk wants to have a larger footprint in the enterprise storage space and has been making a couple of high profile acquisitions of late, including last year's US$300 million deal for SMART Storage Systems - an enterprise SSD maker. Now, they have followed up with a US$1.1 billion all cash deal for Fusion-io.
Fusion-io is a company that designs and builds hardware using flash memory. Specifically, its Fushion ioMemory platform was designed to accelerate enterprise applications such as cloud computing, databases and virtualization. Its two biggest clients are Facebook and Apple.
Both companies are optimistic of the deal with SanDisk CFO Judy Bruner saying that Fusion-io's portfolio is strong and can only benefit with SanDisk's clout behind it. This view was affirmed by Fusion-io's CEO Shane Robison, who said that SanDisk will give Fusion-io a better chance to deliver innovation to its customers.