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

Tuesday, June 18, 2013

8:15 pm | AMD Unveils Server Strategy and Roadmap. AMD Adds Berlin, Seattle and Warsaw Processors into Roadmap

7:38 pm | Nvidia Set to Radically Change Business Model, License Graphics Cores to Others. Nvidia Takes ARM, Imagination Technologies Route, Intends to License Kepler Graphics Tech

Monday, June 17, 2013

11:57 pm | Oculus VR Raises $16 Million in Funding from Venture Capital Funds. Venture Capitalists Invest into Oculus VR Virtual Reality Platform

11:48 pm | Accelerators and Co-Processors Set to Dominate Big Data at High Performance Computing Sites . IDC: Intel Xeon Phi and Nvidia Tesla Running Neck to Neck to Supercomputer Leadership

11:33 pm | Microsoft and Best Buy to Open Up Over 600 Windows Stores. Microsoft and Best Buy to Open Up Stores-Within-A-Store

11:21 pm | Intel Haswell-E to Pack Eight Cores, Quad-Channel DDR4 Memory Controller. Intel Preps Series Performance Boost with Next Year’s Enthusiast Desktop Platform

5:08 pm | Sony Ups PlayStation 4 Internal Shipments Projections. Sony: Demand for PlayStation 4 Will Exceed Supply

1:41 pm | Intel Unleashes Next-Generation Xeon Phi “Knights Landing” Co-Processor. Intel Unveils 14nm Xeon Phi “Knights Landing” Chip

12:40 pm | Samsung Reveals Ultra-Fast PCI-Express SSD for Ultra-Slim Notebook PCs. Samsung’s PCIe SSD for Notebooks Has 1400MB/s Read Speed

10:41 am | AMD FX-9000 Family Microprocessors Cost from $500 to $1000. Pricing of AMD FX-9000 Processors Mimics Pricing of Intel HEDT Products