All the latest UK technology news, reviews and analysis

Fusion-io picks up NexGen for $114m in hybrid storage play

25 Apr 2013
NexGen storage

Flash storage specialist Fusion-io is expanding its reach with the acquisition of NexGen for $114m, a maker of hybrid storage appliances that combine high capacity hard drives with Fusion-io's solid state technology.

The firm said it will enable it to target the SMB market with storage arrays that provide the performance of an all-flash array at a fraction of the cost. Fusion-io specialises in high-performance solid state storage hardware and software, but has recently seen delays in orders for some of its products from key vendor customers such as Apple.

The NexGen acquisition, for which Fusion-io paid approximately $114m in cash and approximately $5m in stock, broadens the firm's product line to target a broader range of customers, principally in the small-to-medium enterprise market.

"Many SMBs have lean IT teams and budgets, making it critical to offer an integrated and affordable entry point for flash powered application acceleration that delivers consistent performance, even under demanding workloads like VDI and analytics," said Fusion-io chief executive David Flynn.

In addition, NexGen's current network of resellers will be added to the global Fusion-io reseller channels, the firm said. Gavin McLaughlin, solutions development director for hybrid storage vendor X-IO, commented that the acquisition validates the hybrid storage approach.

"Fusion-io's acquisition of hybrid flash/disk array vendor Nexgen Storage is further evidence that all-flash vendors are recognising the need to broaden their solutions portfolio and include a hybrid solution that delivers performance, price and capacity, to enable them to respond to customer demand," he said.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Daniel Robinson

Daniel Robinson is technology editor at V3, and has been working as a technology journalist for over two decades. Dan has served on a number of publications including PC Direct and enterprise news publication IT Week. Areas of coverage include desktops, laptops, smartphones, enterprise mobility, storage, networks, servers, microprocessors, virtualisation and cloud computing.

More on Storage
What do you think?
blog comments powered by Disqus

Work location poll - office, remote or home?

Where do you spend most time working on your primary work device?

Popular Threads

Powered by Disqus
LG G Flex 2 hands-on review

CES 2015: LG G Flex 2 video

A closer look at LG's latest curved-screen smartphone

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Beacon technology: what are the opportunities and how does the technology work?

This paper seeks to provide education and technical insight to beacons, in addition to providing insight to Apple's iBeacon specification


Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Service Desk Manager

IT Service Desk Manager Nottingham Up to £45k (depending...

HTML Email Developer

At the University of Derby, people are at the heart of...

CRM System Support & Development Manager

At the University of Derby, people are at the heart of...

CRM System Officers

At the University of Derby, people are at the heart of...
To send to more than one email address, simply separate each address with a comma.