Breaking News Bar

Business News and Information

Samsung Makes Strategic Investment in Fusion-io

Fusion-io today announced that Samsung, the leader in NAND flash technology, has invested in Fusion-io, the leader in enterprise solid-state storage technologies. The two companies have also agreed to jointly evaluate technology for new SSD applications. The maturing relationship between the two companies reinforces Fusion-io’s clear leadership position in the increasingly crowded marketplace for solid-state storage technologies.

Quarter-over-quarter sales for Fusion-io products have nearly doubled since the company announced its first product, the ioDrive, in late 2007.

Samsung’s strategic financial investment will drive further solid-state innovation at Fusion-io, which is expected to result in a steady evolution of state-of-the-art storage media.

“In securing these agreements, Samsung is furthering its working relationship with Fusion-io,” said Jim Elliott, vice president, Memory Marketing, Samsung Semiconductor, Inc. “We continue to be impressed with the technology Fusion-io is creating and are now taking our relationship with them to a new level.”

“Samsung's superior quality, product consistency and close working partnership have been important contributors to our success to date,” said David Flynn, president and CTO of Fusion-io. “We are honored by Samsung's recognition of our potential and are gratified that these agreements will ensure that our products use the best NAND flash on the market today.”

ABOUT FUSION-IO

Fusion-io is a leading provider of enterprise solid-state technology and high-performance I/O solutions. The company’s solid-state storage technology closes the gap between processing power and traditional storage, delivering a new type of application centric storage for database, application and system administrators. The result is a world of possibilities for performance-starved applications.

Contacts:

Fusion-io
Robert Brumfield, 917-224-7769
MARCOM Director
bbrumfield@fusionio.com
or
Fusion PR
Janet Park, 212-651-4210
janet.park@fusionpr.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear