Sunday, October 04, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Buys Havok
Google Officially Becomes Alphabet
Microsoft Works On A Laptop Battery System That Adapts To Your Habits To Last Longer
Motorola Outlines Android Marshmallow Update Plans
AMD FirePro Graphics Powers New Dell Precision Mobile Workstations
Globalfoundries Said To Move To 10nm Development On Its Own
Nvidia Launches New Maxwell-based Quadro graphics For Mobile workstations
Microsoft Expands Licensing Agreements With Asus, I-O Data
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > SanDisk...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 16, 2014
SanDisk To Buy Fusion-io

SanDisk is aiming at strengthening its flash-based PCIe hardware and software solutions for enterprise and hyperscale datacenters with the acquisition of Fusion-io for approximately $1.1 billion.

According to a definitive agreement signed by the two companies, Sandisk will commence a tender offer for all outstanding shares of Fusion-io for $11.25 per share in cash. SanDisk will fund the acquisition with cash available on its balance sheet. The transaction, which has been approved by the boards of directors, is expected to close in the third quarter of SanDisk's fiscal 2014 and be accretive to non-GAAP earnings in the second half of SanDisk's fiscal 2015.

"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."

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

ARM Offers To Universities DSP 'Lab-in-a-Box' for Audio Systems        All News        Microm Introduces Two Windows Phone Devices in India
Fujitsu Launch New Enterprise Laptop PCs     PC Parts News      Fujitsu Develops Record-Breaking 56 Gbps Receiver For Communications Between CPUs

Get RSS feed Easy Print E-Mail this Message

Related News
SanDisk Releases New SATA SSD CloudSpeed Ultra Gen II SSD
SanDisk and SK Hynix Expanded IP and Commercial Relationship
SanDisk Releases New Wireless Flash Drive
SanDisk Releases High Capacity iNAND 7232 Storage Solution
Computex: SanDisk Introduces New USB 3.0 Flash Drives, Portable SSD And 2TB SATA SSD For Cloud Data Services
SanDisk Releases Z400s SSD for Mainstream PCs And Embedded Applications
SanDisk Introduces New Fusion ioMemory PCIe Application Accelerators for Data Centers
SanDisk Forecasts Full-year Revenue Decline
Toshiba, Sandisk, Develop First 48-layer 3D NAND For SSDs
SanDisk Creates New Storage Category With InfiniFlash All-Flash Storage System
MWC: SanDisk Introduces New Mobile Flash Drives, iNAND 7132 Storage Solution And 200GB microSDXC Card
SanDisk Brings Flash Memory Solutions To Cars

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .