by Anton Shilov
12/15/2012 | 11:23 AM
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.