Last $11.25 USD
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08/6/13 - $15.59
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06/2/14 - $7.77
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fusion-io inc (FIO) Details

Fusion-io, Inc. develops, markets, and sells storage memory platforms in the United States and internationally. It offers integrated hardware and software solutions for enterprises, hyperscale datacenters, and small to medium enterprises that accelerate databases, virtualization, mission-critical applications, cloud computing, big data, and information systems in legacy, open, and proprietary architectures. The company’s products include ioDrive, ioScale, and ioFX enterprise grade PCIe-products placed in x86 servers or workstations that leverage flash to directly accelerate locally hosted applications; ION Data Accelerator or ioControl shared acceleration software products that allow flash memory acceleration to be deployed centrally and accessed by various servers connected to a storage area network; and ioTurbine, ioCache, and ioVDI virtualization acceleration software products that virtualize available flash to apply acceleration for active data while directing persistent data to existing shared storage infrastructure. Its products are used in various markets, such as financial services, Internet, technology, education, retail, manufacturing, energy, life sciences, and government. Fusion-io, Inc. sells its products directly, as well as through original equipment manufacturers and other channel partners. The company was formerly known as Fusion Multisystems, Inc. and changed its name to Fusion-io, Inc. in June 2010. Fusion-io, Inc. was founded in 2005 and is headquartered in Salt Lake City, Utah.

938 Employees
Last Reported Date: 08/28/13
Founded in 2005

fusion-io inc (FIO) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $863.6K
President and Chief Operating Officer
Total Annual Compensation: $460.0K
Total Annual Compensation: $380.0K
Compensation as of Fiscal Year 2013.

fusion-io inc (FIO) Key Developments

U.S. District Court for the Northern District of California Appoints a Lead Plaintiff in a Securities Fraud Class Action Brought Against Fusion-Io, Inc. and its Officers

The U.S. District Court for the Northern District of California appointed a lead plaintiff in a securities fraud class action brought against a flash memory manufacturer. Four separate actions were filed against Fusion-io Inc. and certain Fusion-io officers, alleging securities fraud arising from the defendants' false or misleading statements concerning the firm's relationship with its strategic customers, the anticipated demand from those customers for the firm's products and the growing competitive pressures the company was facing. The complaint alleged Fusion-io misrepresented that the company was a market leader in large-scale flash memory applications and was not facing any competitive pressure or risk from the commoditization of flash memory products, when it was in fact facing such pressure. The case came before the court on motions to consolidate and on the motion of plaintiff Fusion Investors Group (FIG) for appointment of lead plaintiff. After noting there was no objection to consolidation and concluding that consolidation was warranted given that all the cases arose from the same alleged conduct, the district court granted the motions to consolidate. The court separately noted that FIG's motion for appointment as lead plaintiff was unopposed. The court found FIG had the large financial stake in the litigation based on its declaration establishing that its losses were over $1.2 million as a result of the defendants' conduct. As a result, FIG was entitled to a statutory presumption under the Private Securities Litigation Reform Act of 1995 of being the most adequately plaintiff entitled to appointment as lead plaintiff. The court separately concluded FIG satisfied the requirements of Fed. R. Civ. P. 23(a). FIG's claims were typical of the claims, and FIG established it would adequately represent the interests of the class. The record indicated FIG consisted of two sophisticated investors, and under applicable precedent, small, cohesive groups similar to FIG were routinely appointed as lead plaintiffs. Accordingly, the district court granted FIG's motion for appointment as lead plaintiff.

Fusion-io Teams with Dell to Deliver All-flash ION Accelerator Appliance to Customers Worldwide

Fusion-io announced that the all-flash ION Accelerator Appliance will be offered as a fully integrated and Dell-branded solution. Featuring the performance and reliability of Fusion-io flash technology, the Dell Acceleration Appliance for Databases, is simple to deploy and purpose-built for accelerating enterprise applications including Oracle, SAP HANA, and Microsoft SQL Server, as well as virtualization workloads. The all-flash appliance delivers application-focused performance for data-intensive workloads, allowing general purpose storage systems to focus on managing data capacity. Dell Acceleration Appliance for Databases combines Dell servers and proven Fusion-io flash memory to maximize data-intensive application performance. The scalable all-flash appliance features high performance and efficient density with up to 12TB of persistent, ultra low latency flash memory in 2U of space. Customers can also expect simple management and seamless integration with enterprise applications in both physical and virtual environments along with proven Fusion-io flash memory data protection technology like Adaptive Flashback. For application environments ranging from OLTP to OLAP and from in-memory to NoSQL, Dell Acceleration Appliance for Databases will deliver unmatched acceleration. Architected for application acceleration, Dell Acceleration Appliance for Databases enables businesses to achieve faster application response times, higher server consolidation, and better scalability across their virtual datacenters. The all-flash solution delivers the highest levels of performance for database users in physical and virtual environments.

Fusion-io, Inc., SanDisk Corp. - M&A Call

To discuss the acquisition


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