Items tagged with (NYSE:FIO)

Two well known players in the flash storage business are about to become one. In somewhat of a surprise move, SanDisk inked an agreement to acquire Fuision-io in a deal that's worth about $1.1 billion. It's an all-cash offer of $11.25 per share, which is about 21 percent higher than Fusion-io's closing price on June 13. This is a big acquisition for SanDisk. The company is already an established player in the flash media space with its chips being found in smartphones, digital cameras, and various other mobile devices. SanDisk also uses its chips to market its own brand solid state drives (SSDs),... Read more...
When it comes to picking out a storage scheme, businesses face the same dilemma as home users. The decision at hand is whether to spend a premium on high performance solid state storage, or stretch those dollars on higher capacity and slower performing mechanical hard drives. It's not unusual for a home user to opt for both by configuring a solid state drive (SSD) to run the operating system and beefier hard drive for storing files. Fusion-io offers a similar solution for enterprise users, only far more advanced. It's called ioControl, an intelligent hybrid storage solution that allows IT professionals... Read more...