Samsung Invests In Fusion-io Page: 1
Samsung Invest In Fusion-io
Fusion-io have announced that one of the leaders in flash technology has invested in them and it's no less than Samsung, the leader in enterprise solid-state storage technologies! The two companies aim to jointly evaluate technology for new SSD applications. This relationship between the two companies will reinforce Fusion-io's clear leadership position in the increasingly crowded marketplace for solid-state storage technologies.
Fusion-io produce solid state storage devices that run on system buses, rather than the traditional disk interfaces. Their quarter-over-quarter sales have nearly doubled since their first product, the ioDrive, was announced 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."