SanDisk Forks Out $1.1 Billion for Fusion-io
SanDisk announced last week that it will purchase Fusion-io Inc. for $1.1 billion.
Fusion-io’s flash memory solution is run at data centers including those at Facebook and Apple. The company, which was founded in 2006 by David Flynn and Rick White, went public in 2011. The companies indicated that the deal will close in the third quarter of 2014.
“This transaction represents a compelling opportunity for Fusion-io’s employees, customers and shareholders,” said Fusion-io Chief Executive Officer Shane Robison. “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.”