Samsung Electronics Acquires Nvelo

Samsung Electronics Co. Ltd. acquired privately held NVELO, Inc., a Santa Clara, CA-based pioneer of storage software.

By intelligently managing and optimizing the use of SSDs in the storage subsystem, SSD caching has become a solution for both consumer and enterprise computing platforms. The timely integration of NVELO’s 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 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," said Young-Hyun Jun, EVP of flash product and technology, Device Solutions, Samsung Electronics.

"The NVELO team is excited to join the Samsung family," said 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.