SanDisk to buy Fusion-io to boost enterprise storage business

Micro Electronics

by Byomakesh Biswal| 17 June 2014

The deal is expected to close in the third quarter of SanDisk’s fiscal 2014.

Flash storage products provider Sandisk has signed a deal with flash-based PCIe hardware and software solutions provider Fusion-io for $1.1bn, to strengthen its enterprise storage business.

The US based flash-memory chips, memory cards and storage drives maker is buying Fusion-io to gain advantage in data centre market.

SanDisk president and CEO Sanjay Mehrotra said customers will benefit from the addition of Fusion-io's PCIe solutions to SanDisk's vertically integrated business model.

"Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership," Mehrotra added.

"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."

Fusion-io sells flash memory products including ioDrive, ioScale, and ioFX enterprise grade PCIe-products which are plugged into x86 servers or workstations that use flash to manage locally hosted applications.

SanDisk will fund the acquisition with its cash available cash, and will offer $11.25 per Fusion-io share.

Subject to customary regulatory conditions, the deal is expected to close in the third quarter of SanDisk's fiscal 2014.

Fusion-io chairman and CEO Shane Robison said the transaction represents a compelling opportunity for company's employees, customers and shareholders.

"Fusion-io's innovative hardware and software solutions will be augmented by SanDisk's worldwide scale and vertical integration, enabling a combined company that can offer an even more compelling value proposition for customers and partners," Robison said.

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

792 people like this.
0 people follow this.

Micro Electronics Intelligence

Buy the latest industry research online today!
See more
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.