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

  • Feed Type
  • 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.

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