SanDisk acquires SSD firm
Flash memory storage specialist SanDisk has signed a definitive agreement to acquire SSD company Pliant Technology for approximately $327million in cash.
Pliant currently sells high performance enterprise SSDs based on the SAS protocol. The company's products also include PCIe-based solutions for high performance compute servers. The transaction is expected to close by the end of SanDisk's second fiscal quarter.
"Flash memory is making significant inroads into the enterprise by dramatically increasing application performance and reducing power consumption," said Sanjay Mehrotra, pictured, SanDisk president and ceo. "We believe that the combination of Pliant's innovative technology and enterprise level system expertise with SanDisk's high quality MLC memory production is a winning value proposition for customers."
