Fusion-io Acquires IO Turbine for $95,000,000

  • Feed Type
  • 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.