SanDisk to Fusion-io: How Do I Love Thee? 1.1 Billion Ways
In a true wow moment on Monday, the news was released that SanDisk will purchase PCI flash vendor Fusion-io for 1.1 Billion Dollars, or 11.25 per share. Coming off of a challenging year at Fusion-io, and at just over 50% of their 19.00 IPO price, this looks like a great deal for both organizations.
Great Technology and Great Customers
Not only are SanDisk ramping up their portfolio with great technology, they are also walking into an existing customer base that includes the likes of Facebook and Apple to name just two of a wide array of enterprise customers.
PCI Flash is both widely used in acceleration products from companies like Boston startup Infinio, as well as the popular virtualization company VMware who can leverage Fusion-io for both the vFlash cache and their VSAN offerings.
With the recent announcement of the Atomic Series from Fusion-io, this will be an ideal time to latch on to a growing love for flash hardware and to give SanDisk a strong position to partner with other great vendors, customers, and service providers with a new variety of offerings.
The full press release and announcement are available here at Reuters for more details on the new deal.