SanDisk acquires flash storage vendor Fusion-io for $1.1bn

Fusion-io Atomic Series flash accelerator

SanDisk is looking to bolster its enterprise flash storage portfolio through the acquisition of Fusion-io, which develops flash-based storage and application acceleration products.

SanDisk announced the deal to acquire Fusion-io for $1.1bn on Monday. The transaction is expected to close in the third quarter of SanDisk’s fiscal 2014, which is also the third calendar quarter.

SanDisk chief executive Sanjay Mehrotra said that the acquisition of Fusion-io would accelerate the firm’s efforts in targeting the data centre market with flash-based products.

“Customers will benefit from the addition of Fusion-io’s leading PCI Express solutions to SanDisk’s vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world,” he said.

Meanwhile, Fusion-io chief executive Shane Robison said the merger would see his firm’s hardware and software solutions reach a broader market, thanks to SanDisk’s worldwide scale and vertical integration.

Fusion-io had previously been rumoured as the target of various storage vendors, as flash capability is becoming seen as an increasingly vital component of any enterprise storage architecture.

Earlier this month, the firm rolled out its Atomic Series, the third generation of its ioMemory PCI Express products that accelerate storage performance for applications.

SanDisk has also been rolling out new flash-based storage products recently, such as the CloudSpeed solid-state drive (SSD) line announced in April.

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16 June 2014 | 2:36 pm – Source: v3.co.uk
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