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This is Lane Beattie of the Salt Lake Chamber with your Metro Business Report.
Fusion-io, a provider of a next-generation shared data decentralization platform, recently announced it has entered into a definitive agreement to acquire IO Turbine, a provider of caching solutions for virtual environments.
Under terms of the agreement, Fusion-io will pay up to approximately 95 million dollars for all outstanding securities of IO Turbine.
The acquisition is a key part of Fusion's strategy to enable enterprise customers to increase the utilization, performance and efficiency of their datacenter resources and extract greater value from their information assets. Having partnered closely for a number of months, Fusion-io and IO Turbine have a shared philosophy for solving datacenter inefficiencies.
The integration of IO Turbine's software into Fusion's platform will enable traditional storage infrastructures to keep up with the increasing demands of virtualized servers and expands Fusion's market opportunities to both new and existing customers.
This is Lane Beattie for KSL News Radio.