Fusion-io Acquires IO Turbine for $95,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1d37b455-205e-474a-8e5f-932b584e73a5&Preview=1 - Date
8/4/2011 - Company Name
IO Turbine - Mailing Address
3031 Tisch Way San Jose, CA 95128 - Company Description
Our approach makes the most of Flash storage to transparently and significantly accelerate virtualized application performance while lowering costs, complexity and providing outstanding ROI – without sacrificing the benefits that virtualization provides. - Website
http://www.ioturbine.com - Transaction Type
M&A - Transaction Amount
$95,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
Fusion-io will pay up to approximately $95 million, subject to purchase price adjustments, for all outstanding securities of IO Turbine. The consideration is payable in cash and stock, provided that the cash portion may not exceed $35 million.
