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SanDisk to buy enterprise flash storage specialist Fusion-io for $1.1 billion

Chris Kanaracus | June 17, 2014
SanDisk is looking to shore up its position in the flash storage market by purchasing Fusion-io for US$1.1 billion in an all-cash deal.

SanDisk is looking to shore up its position in the flash storage market by purchasing Fusion-io for US$1.1 billion in an all-cash deal.

The acquisition, which was announced Monday, is expected to close in SanDisk's third fiscal quarter.

"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," SanDisk CEO Sanjay Mehrotra said in a statement.

Executives are expected to discuss the pending deal further during a conference call Monday.

 

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