[April 25, 2013] Fusion-io acquires NexGen Storage Tweet Apr 25, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Fusion-io, Inc., a provider of storage architecture and performance solutions, has acquired NexGen Storage, Inc. for a consideration of approximately $114 million in cash and approximately $5 million in stock for all of the outstanding stock, warrants and vested equity awards of NexGen. NexGen Storage is a provider of storage area network solutions for virtual server environments. Both the entities are based in the US. Earlier, NexGen had raised funding from Next World Capital, Grotech Ventures and Access Venture Partners. Deal Value (US$ Million) 119 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-04-24 Deal Participants Target (Company) NexGen Storage, Inc. Acquirer (Company) Fusion-io, Inc. Deal Rationale This acquisition is a strategic expansion of the software-defined Fusion-io product portfolio, accelerating Fusion-io's opportunity in the SME market. [ Back To TMCnet.com's Homepage ]