Fusion-io, Inc. (NYSE: FIO), a Utah-based provider of a Fusion ioMemory platform that accelerates databases, virtualization, cloud computing, and big data applications, acquired Colorado-based NexGen Storage, a developer of hybrid storage appliances based on Fusion ioMemory for small to medium enterprises (SMEs), for approximately $120m.
The acquisition will allow Fusion-io to expand its software-defined product portfolio, accelerating growth opportunities in the SME market with a solution built to allow customers to provision both performance and capacity according to their needs.
NexGen Storage’s ioControl management software allows customers to prioritize and maintain predictable performance efficiently and ensures to have a clear upgrade path to all-flash solutions as their data demands continue to grow.
Following the close of the deal, John Spiers, co-founder of NexGen, will become Fusion-io Senior Vice President and General Manager, NexGen Products (read here his post about the transaction). Fusion-io will add approximately 50 NexGen employees to its team.
NexGen was venture backed by Grotech Ventures, Access Venture Partners and Next World Capital. Read below the related news from FinSMEs:
15/11/2011: NexGen Storage Closes $10m Funding
07/02/2011: NexGen Storage Raises Series A Funding
FinSMEs
25/04/2013