Samsung Makes Strategic Investment in Fusion-io
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[October 20, 2009]

Samsung Makes Strategic Investment in Fusion-io

SALT LAKE CITY --(Business Wire)-- Fusion-io today announced that Samsung (News - Alert), the leader in NAND flash technology, has invested in Fusion-io, the leader in enterprise solid-state storage technologies. The two companies have also agreed to jointly evaluate technology for new SSD applications. The maturing relationship between the two companies reinforces Fusion-io's clear leadership position in the increasingly crowded marketplace for solid-state storage technologies.



Quarter-over-quarter sales for Fusion-io products have nearly doubled since the company announced its first product, the ioDrive, in late 2007.

Samsung's strategic financial investment will drive further solid-state innovation at Fusion-io, which is expected to result in a steady evolution of state-of-the-art storage media.



"In securing these agreements, Samsung is furthering its working relationship with Fusion-io," said Jim Elliott, vice president, Memory Marketing, Samsung Semiconductor, Inc. "We continue to be impressed with the technology Fusion-io is creating and are now taking our relationship with them to a new level." "Samsung's superior quality, product consistency and close working partnership have been important contributors to our success to date," said David Flynn, president and CTO of Fusion-io. "We are honored by Samsung's recognition of our potential and are gratified that these agreements will ensure that our products use the best NAND flash on the market today." ABOUT FUSION-IO Fusion-io is a leading provider of enterprise solid-state technology and high-performance I/O solutions. The company's solid-state storage technology closes the gap between processing power and traditional storage, delivering a new type of application centric storage for database, application and system administrators. The result is a world of possibilities for performance-starved applications.

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