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Violin Systems Signs Agreement to Acquire X-IO Storage Strengthening Leadership in Extreme Performance Storage SolutionsViolin® Systems LLC today announced it has signed a Letter of Intent with X-IO Technologies to acquire X-IO Storage, the division of X-IO Technologies that developed the popular Intelligent Storage Element (ISE) flash and hybrid storage array product lines. Financial terms were not disclosed. The transaction is executed to be completed within 30 days. Violin Systems will add X-IO ISE arrays to its flash storage product lineup, meeting the needs of a greater variety of customers and providing the industry with a wide range of solutions spanning from terabytes to multiple petabytes with enterprise-class performance, features, and reliability. Ultimately Violin Systems intends to integrate its own extreme performance technology with X-IO price-performance value to deliver transformational economics for organizations of any size. In addition to the X-IO products and engineering team, Violin intends to retain X-IO's world class service process and organization. This will ensure that the X-IO customer installed base, with more than 8,000 arrays continues to get the same level of service. Violin's goal is to transform overall customer experience by utilizing the best practices from both organizations." X-IO Technologies will be rebranded as Axellio Inc. to focus on its solutions for edge computing and hyperconverged infrastructures. "This acquisition will create substantial opportunity for Violin Systems in price-sensitive mid-markets where X-IO has excelled, and down the road, the opportunity to assimilate X-IO's product strengths so we can keep shepherding customers into the ideal storage systems as their needs evolve," said Mark Lewis (News - Alert), Chairman and CEO of Violin Systems. "Our global network of partners will also welcome the ISE arrays as a cost-effective alternative for common workloads like VDI and database acceleration." "With the unmatched affordability of X-IO, and the extreme performance Violin is known for, the market has a clear leader in extreme performance storage solutions," said Bill Miller (News - Alert), CEO of Axellio Inc. "Whether it is price/performanc for midsized environments, or hyperscale density for large enterprises, Violin will be able to deliver the fastest enterprise storage in the world at the best value." Bill Miller will be joining Violin Systems Board of Directors upon completion of acquisition. Violin's extreme performance platform enables a dramatic infrastructure cost savings and cost avoidance of 40 percent or more by reducing the number of servers and cores needed. Consolidated hardware in the data center means less power and cooling requirements, less management and a reduced need for the number of software and application licenses. With dramatic improvement in application performance, there is an equally dramatic improvement in the experience of the applications' end users, resulting in improved customer satisfaction. Combined with Violin's performance advantages, customers are able to realize dramatic competitive advantages while simultaneously saving money. X-IO Technologies was born as XIOtech in 1997 and acquired by Seagate in 1999. Initially operating as Xiotech (News - Alert), part of Seagate's Advanced Storage Architecture group, it was spun out in 2002 and sold to a venture capital firm. Then, in 2007, Xiotech acquired Seagate (News - Alert) ASA. The company became X-IO Technologies in 2011. In 2017, X-IO introduced its first Axellio edge computing product. For more information, visit https://axellio.com. About Violin Systems Violin, the disruptive innovator in Extreme Performance Storage, is revolutionizing how businesses operate by enabling storage technology to be Instrumental to their company by changing the SLAs and capabilities of information and application storage infrastructure. Violin extreme storage platforms, powered by Concerto OS™, a fully integrated storage operating system, is the industry leader in the combination of every significant category measured in all-flash arrays: low latency, reliability, affordability, density, scalability and of course extreme performance. With tightly integrated data services, Violin storage platforms provide a unique and leading combination of data protection, business continuity, and data reduction services in a flexible, delivering significant CAPEX and OPEX (News - Alert) savings. Founded in 2005, Violin is headquartered in San Jose, California.
For more information, visit violinsystems.com
and Violin
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