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Samsung picks up NVELO, a storage software manufacturer

Samsung acquires NVELO, a storage software company based in Santa Clara, CA

| Business, Financial & Legal News | Posted: Dec 16, 2012 2:33 am

Samsung announced yesterday that they had acquired the privately held NVELO Inc. of Santa Clara, California. The company is a pioneer of storage software and Samsung hopes to leverage the company's software with their SSDs to increase performance by intelligently managing and optimizing SSD caching.

 

TweakTown image news/2/7/27303_1_samsung_picks_up_nvelo_a_storage_software_manufacturer.png

 

"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."

 

No price or other details were shared by either company.

NEWS SOURCE
Nvelo.com

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