SanDisk to Acquire Fusion-io

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imagesToday SanDisk Corporation announced a definitive agreement to acquire Fusion-io in an all-cash transaction valued at approximately $1.1 billion.

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, SanDisk president and CEO. “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.”

The announcement comes in the wake of a major product announcement for Fusion-io, the Atomic Series, which reportedly delivers “much higher performance than typical SSDs in a fraction of the space.”