Fusion-io, a leading provider of enterprise solid-state technology and high-performance I/O solutions, today announced that the company experienced record sales performance in fiscal Q1 ’09. For the months beginning June ’08 through August ’08, Fusion-io added over 150 customers across the Fortune 1000 and recorded several million in sales. The numbers validate Fusion-io's strategy to address the enterprise market with a high-performance silicon storage product.
“We are very pleased with our initial results and believe there is an enormous opportunity in the enterprise market for our value proposition of allowing customers to accelerate their database performance and provide multi-hundred gigabyte and multi-terabyte in server cache solutions,” said Dixon R. Doll, senior vice president sales, Fusion-io. “Our sales executives did an excellent job across the United States and we now have technical resources deployed in the field to assist customers with wider deployments."
Fusion-io also announced its funding strategy to support the company’s ongoing growth initiatives. Fusion-io expects to close its Series B funding in Q2 ‘09. In March, Fusion-io completed an initial $19-million round of funding, led by NEA, which the company used to finance its expansion to date.
“Our early success with customers validates our hypothesis that there is a broad demand for our product offering and our new announcement with IBM means we are going to expand in sales to keep up with the demand we see,” said Don Basile, CEO of Fusion-io. “Our sales teams have built an enormous funnel and our goal is to make Fusion-io the standard in solid state storage for customers as they use this emerging technology as their active data tier."
Fusion-io is headquartered in Salt Lake City, with Sales offices in Redwood Shores, CA and across the United States. For more information on Fusion-io, visit www.fusionio.com.
Founded in 2006 and headquartered in Salt Lake City, Utah, Fusion-io (www.fusionio.com) is a leading provider of enterprise solid-state technology and high-performance I/O solutions that unlock a world of possibilities for performance-starved applications, closing the gap between processing power and storage performance.
The increasing demand for a next generation solid state storage technology is driven by advancements in computer processors which, following Moore's Law, have grown exponentially in performance. Mechanical disks, on the other hand, follow Newtonian Dynamics and experience lackluster performance improvements, introducing a performance gap. Ushering in a new era of silicon-based storage, Fusion-io offers several magnitudes of breakthrough performance at a fraction of the cost of today's traditional disk-based storage systems. The company’s ioMemory architecture creates a new tier in the memory hierarchy – one that has 100 times the capacity density and 10 times the capacity per dollar of DRAM. NAND flash-based ioMemory makes it possible to have terabytes of near-memory-speed storage within each node – bringing extremely large memory problems and I/O bound analysis to a new level of cost effectiveness.
Robert Brumfield, 202-898-2000 ext. 109