News

SanDisk Acquires Fusion-io for US$1.1 Billion

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.

Source: Zdnet

All Reponses

Please login to comment or register here.
No Comments currently, be the first to roll the ball.

All News Categories

News for Past 12 Months

Subscribe to HWZ Here!

Subscribe now to receive latest tech news, articles and promotions straight to your inbox!
 
 
By signing up, you indicate that you have read and agreed to the and .