AfterDawn: Tech news

SanDisk buys up Fusion-io for $1.1 billion

Written by Andre Yoskowitz (Google+) @ 17 Jun 2014 12:11

SanDisk buys up Fusion-io for $1.1 billion SanDisk has significantly enhanced their enterprise and datacenter strategy, purchasing Fusion-io for $1.1 billion in cash.
Fusion-io specializes in SSD, and has major corporations as customers including Apple and Facebook. The company "develops flash-based PCIe hardware and software tools" and has seen strong growth until recently, when it was panned for not diversifying its client base.

SanDisk will quickly move the company into its vertically integrated supply chain and SanDisk CEO Mehrotra says the deal will "position us well in enterprise storage."

Since the company was spending heavily on R&D for PCIe hardware, the new move will prove an immediate synergy.

Source:
ZD

More news

Previous Next

Related news

 
Comments have been disabled for this article.

News archive