Fusion-io Acquires NexGen Storage for $119,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c58ad1e6-ec29-49f1-837e-db857682149e&Preview=1
Date
4/24/2013
Company Name
NexGen Storage
Mailing Address
361 Centennial Parkway Louisville, CO 80027
Company Description
NexGen Storage delivers the industry’s first SAN solutions with configurable, deterministic performance and Quality of Service (QoS) for virtual server environments.
Website
http://www.nexgenstorage.com
Transaction Type
M&A
Transaction Amount
$119,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Fusion-io paid approximately $114 million in cash and approximately $5 million in stock for all of the outstanding stock, warrants and vested equity awards of NexGen, subject to the adjustments and escrow and other provisions set forth in the agreement among the parties. In addition, Fusion-io assumed all unvested NexGen employee equity awards.