SanDisk Corp., a provider of flash storage solutions, has announced a definitive agreement to acquire Fusion-io, a developer of flash-based PCIe (Peripheral Component Interconnect Express) hardware and software solutions that enhance application performance in enterprise and hyperscale data centers. The acquisition will be an all-cash transaction valued at approximately $1.1 billion, net of cash assumed.
“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.”
The transaction, which has been approved by the boards of directors of both companies, is subject to customary closing conditions, including clearance from relevant regulatory authorities and the completion of the tender offer.
For more information, visit www.sandisk.com and www.fusionio.com.