News
 

Bookmark and Share

(1) 

Samsung Electronics said Friday that it acquired privately held Nvelo, a pioneer of solid-state drives caching software. The acquisition of Nvelo will enable Samsung to extend its ability to provide SSD related storage solutions to customers and also develop and sell various hybrid storage solutions, primarily for businesses.

“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.” said Jiurong Cheng, president and chief executive officer of Nvelo.

By intelligently managing and optimizing the use of SSDs in the storage subsystem, SSD caching has become an attractive solution for both consumer and enterprise computing platforms. The timely integration of Nvelo’s flagship 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 broad range of computing platforms.

“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, executive vice president of flash product and technology at Samsung Electronics.

Since Samsung has sold its hard drive business to Seagate and currently does not sell HDDs itself, it is likely that the company will try to develop multi-layer enterprise-oriented storage sub-systems. Given that Samsung does not have experience in this business, it is likely that the company will co-develop such solutions with other market players with a strong brand-name in enterprise-class storage.

The acquisition involves all technology and personnel. Further details of the agreement were not disclosed.

Tags: Samsung, SSD, HDD, HHD, NAND, Flash, Nvelo

Discussion

Comments currently: 1
Discussion started: 12/16/12 12:41:44 PM
Latest comment: 12/16/12 12:41:44 PM

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month