IO Turbine Acquired by Fusion-io for $95M

8/5/11

San Jose-based IO Turbine, which makes software that speeds up input/output operations in virtualized computer systems using flash storage, has been acquired by memory systems maker Fusion-io (NYSE: FIO) for $95 million in cash and stock, the Salt Lake City, UT, company announced today. “IO Turbine’s software is uniquely architected to take advantage of flash memory in the server to solve the I/O bottlenecks, the inhibitor to the adoption of enterprise virtualization,” Fusion-io chairman and CEO David Flynn said in a statement. “We believe integrating ioMemory [Fusio-io's memory module] and IO Turbine adds a critical and previously missing performance component to virtualized IT environments that will accelerate the adoption of Fusion-io technology.”

Wade Roush is a contributing editor at Xconomy. Follow @

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