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Primeur weekly 2011-08-15

The Cloud

S&S Worldwide boosts sales by 75 percent with IBM Smarter Commerce software in the Cloud ...

Citrix extends desktop virtualization leadership with acquisition of RingCube ...

Desktop Grids

DistrRTgen added to BOINC project list ...

Infinispan 5.0 offers more than 45 new features ...

EuroFlash

Altair announces keynote presenters of 5th European HyperWorks Technology Conference ...

1st International IRISC Workshop to issue Call for Participation ...

Nottingham scientists pioneer new method for nanoribbon production ...

When atoms are surfing on optical waves ...

The diamond's quantum memory ...

USFlash

Addonics announces 5-Port HPM-XU port multiplier with eSATA/USB 3.0 connections and a family of RAID tower storage solutions ...

IBM terminates Blue Waters contract ...

Steve Scott to leave Cray ...

SDSC readying 'Gordon' supercomputer for pre-production trials this month ...

'Data Motion Metric' needed for supercomputer rankings, according to SDSC's Snavely ...

Platform Computing recognized for second consecutive year at International Business Awards ...

Supercomputer boosts research power, data support available at WKU facility ...

GNS Healthcare announces collaboration with Bristol-Myers Squibb ...

IBM raises bar, records highest ever TPC-C benchmark for x86 servers ...

Oracle Fusion Middleware 11g delivers record setting performance for 2-processor system on SPECjEnterprise2010 benchmark ...

Oracle Solaris 11 Express available on Oracle Exadata Database Machines ...

MOSAID files suit on computer networking patents ...

Emerson Network Power first to earn EAL2+ Common Criteria certification for secure KVM switch series ...

Fusion-io to acquire IO Turbine ...

Caltech-led engineers solve longstanding problem in photonic chip technology ...

NIST physicists 'entangle' 2 atoms using microwaves for the first time ...

Designing diamond circuits for extreme environments ...

Tufts computer engineer wins national award for research ...

Berkeley Lab researchers develop technique for dynamically controlling plasmonic airy beams ...

Fusion-io to acquire IO Turbine

4 Aug 2011 Salt Lake City - Fusion-io has entered into a definitive agreement to acquire IO Turbine Inc., a provider of caching solutions for virtual environments.

Under terms of the agreement, Fusion-io will pay up to approximately $95 million, subject to purchase price adjustments, for all outstanding securities of IO Turbine. The consideration is payable in cash and stock, provided that the cash portion may not exceed $35 million. The transaction is expected to close by the end of August 2011, subject to final closing conditions.

The acquisition is a key part of Fusion's strategy to enable enterprise customers to increase the utilization, performance and efficiency of their data centre resources and extract greater value from their information assets. Having partnered closely for a number of months, Fusion-io and IO Turbine have a shared philosophy for solving data centre inefficiencies. The integration of IO Turbine's software into Fusion's platform will enable traditional storage infrastructures to keep up with the increasing demands of virtualized servers and expands Fusion's market opportunities to both new and existing customers.

“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", stated David Flynn, Chairman and Chief Executive Officer of Fusion-io. "We believe integrating ioMemory and IO Turbine adds a critical and previously missing performance component to virtualized IT environments that will accelerate the adoption of Fusion-io technology. This acquisition also underscores our focus on providing customers with an enterprise solution that features software and hardware components designed to accelerate their business' full suite of applications."

San Jose, California-based IO Turbine was founded to address data supply constraints in virtual environments. While adoption and affordability of flash technologies has provided performance advances in virtualization, effective utilization of flash storage in a shared, virtualized environment has remained complex.

The IO Turbine software takes advantage of flash local to the server, delivering improved performance for virtualized workloads by holding data close to where it is used. This approach avoids the need for expensive performance-oriented networked storage systems and memory appliances that struggle to deliver performance from the far end of a network, instead allowing enterprises to use cost optimized shared storage systems. The marriage of ioMemory and IO Turbine software improves ROI by increasing the number of virtual machines per physical server. Moreover, this makes it feasible to virtualize data intensive applications that were previously difficult to migrate to virtualized environments while maintaining performance. Enterprises will be able to virtualize their entire suite of applications and finally realize the benefit of running a single unified virtualized environment.

"In addition to delivering performance that finally unleashes the potential of virtualization, we believe the combined Fusion-io and IO Turbine solution will also boost efficiency by reducing the costs associated with running expensive backend shared storage, as well as extend the lifespan of enterprises' current storage area networks", noted Rich Boberg, CEO of IO Turbine. "By integrating the IO Turbine virtualization software with Fusion’s ioMemory platform, we believe enterprises will finally be able to accelerate even the most I/O intensive applications in virtualized environments."

At closing, Fusion-io will add approximately 20 IO Turbine employees to its engineering team, with an additional approximately five employees across other areas.
Source: Fusion-io

Back to Table of contents

Primeur weekly 2011-08-15

The Cloud

S&S Worldwide boosts sales by 75 percent with IBM Smarter Commerce software in the Cloud ...

Citrix extends desktop virtualization leadership with acquisition of RingCube ...

Desktop Grids

DistrRTgen added to BOINC project list ...

Infinispan 5.0 offers more than 45 new features ...

EuroFlash

Altair announces keynote presenters of 5th European HyperWorks Technology Conference ...

1st International IRISC Workshop to issue Call for Participation ...

Nottingham scientists pioneer new method for nanoribbon production ...

When atoms are surfing on optical waves ...

The diamond's quantum memory ...

USFlash

Addonics announces 5-Port HPM-XU port multiplier with eSATA/USB 3.0 connections and a family of RAID tower storage solutions ...

IBM terminates Blue Waters contract ...

Steve Scott to leave Cray ...

SDSC readying 'Gordon' supercomputer for pre-production trials this month ...

'Data Motion Metric' needed for supercomputer rankings, according to SDSC's Snavely ...

Platform Computing recognized for second consecutive year at International Business Awards ...

Supercomputer boosts research power, data support available at WKU facility ...

GNS Healthcare announces collaboration with Bristol-Myers Squibb ...

IBM raises bar, records highest ever TPC-C benchmark for x86 servers ...

Oracle Fusion Middleware 11g delivers record setting performance for 2-processor system on SPECjEnterprise2010 benchmark ...

Oracle Solaris 11 Express available on Oracle Exadata Database Machines ...

MOSAID files suit on computer networking patents ...

Emerson Network Power first to earn EAL2+ Common Criteria certification for secure KVM switch series ...

Fusion-io to acquire IO Turbine ...

Caltech-led engineers solve longstanding problem in photonic chip technology ...

NIST physicists 'entangle' 2 atoms using microwaves for the first time ...

Designing diamond circuits for extreme environments ...

Tufts computer engineer wins national award for research ...

Berkeley Lab researchers develop technique for dynamically controlling plasmonic airy beams ...