SanDisk announced its decision to acquire Fusion-io for approximately $1.1 billion. The acquisition will open up new market segments for SanDisk the wide portfolio of flash memory products for small businesses to the world’s largest data centers from Fusion-io will open new doors of opportunities for the company.
“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,” said Sanjay Mehrotra, president and CEO at SanDisk. “Customers will benefit from the addition of Fusion-io’s leading PCIe 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.”
Shane Robison, chairman and CEO of Fusion-io, said, “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.”
