Samsung Electronics Acquires NVELO
Seoul, Korea on Dec. 14. 2012
Acquisition Adds Storage Software Expertise to Next-generation SSD Solutions
Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions, announced today that it acquired privately held NVELO, Inc., a Santa Clara, Calif.-based pioneer of storage software. 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 best-in-class 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.
"The acquisition of NVELO will enable us to extend our ability to provide SSD related storage solutions to customers. 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 & technology, Device Solutions, Samsung Electronics.
"The NVELO team is excited to join the Samsung family," said Jiurong Cheng, president and CEO, NVELO. "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."
The acquisition involves all technology and personnel under NVELO, Inc. Further details of the agreement were not disclosed.
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