Samsung Electronics Acquires NVELO To Diversfy NAND Portfolio
Samsung Electronics Co. Ltd. has acquired privately held NVELO, Inc., a Santa Clara, California based pioneer of storage software.
By intelligently managing and optimizing the use of SSDs (solid state drives) in the storage subsystem, SSD caching has become an attractive solution for both consumer and enterprise computing platforms.
The integration of NVELO's flagship storage technology into Samsung's SSD technologies will give Samsung customers access to an ever-evolving and more diversified portfolio of NAND storage solutions suitable for a broad range of computing platforms.
"The acquisition of NVELO will enable us to extend our ability to provide SSD related storage solutions to customers. We are pleased with this transaction as the employees of NVELO share our vision to take SSD storage into the next-generation of performance and reliability," says Young-Hyun Jun, executive vice president of Flash product & technology, Device Solutions, Samsung Electronics.
"The NVELO team is excited to join the Samsung family," adds Jiurong Cheng, president and CEO, NVELO. "We look forward to accelerating storage innovation in close cooperation with Samsung storage experts as we help to deliver fully integrated SSD solutions to the market."
The acquisition involves all technology and personnel under NVELO, Inc. Further details of the agreement were not disclosed.
NVELO, Inc. is an innovator in storage software, bringing new intelligence into storage subsystems to break the I/O bottleneck in today's computing systems.
