Fusion-io acquired by sandisk for $1b.

• Position: SALT LAKE AREA - Brief article

Cottonwood Heights--FUSION-I0 was acquired by Calif.-based SanDisk for $1.1 billion. Fusion-io is a developer of flash-based hardware and software solutions that enhance application performance in datacenters.

"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." says 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."

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. It is expected that...