Samsung Makes Strategic Investment in Fusion-io

Fusion-io announced that Samsung, leader in NAND flash technology, has invested in Fusion-io, in enterprise solid-state storage technologies.

The two companies have also agreed to jointly evaluate technology for new SSD applications. The maturing relationship between the two companies reinforces Fusion-io’s clear leadership position in the increasingly crowded marketplace for solid-state storage technologies.

Quarter-over-quarter sales for Fusion-io products have nearly doubled since the company announced its first product, the ioDrive, in late 2007.

Samsung’s strategic financial investment will drive further solid-state innovation at Fusion-io, which is expected to result in a steady evolution of state-of-the-art storage media.

“In securing these agreements, Samsung is furthering its working relationship with Fusion-io,” said Jim Elliott, vice president, Memory Marketing, Samsung Semiconductor, Inc. “We continue to be impressed with the technology Fusion-io is creating and are now taking our relationship with them to a new level.”

“Samsung’s superior quality, product consistency and close working partnership have been important contributors to our success to date,” said David Flynn, president and CTO of Fusion-io. “We are honored by Samsung’s recognition of our potential and are gratified that these agreements will ensure that our products use the best NAND flash on the market today.”