Fusion-io, which sells solid-state storage to Facebook and others, completed its initial public offering (IPO) and opened trading on the New York Stock Exchange this week. The Fusion-io IPO raised $237 million.
Fusion-io, which sells flash memory on PCIe cards, became the first data storage company to become public in the last three years. It began trading at $19 a share late Wednesday and closed Thursday at $22.50 per share. According to a filing with the SEC, Fusion-io had $126 million in revenue for the nine months that ended March 31, up from $25 million in the same period a year ago. Fusion-io lost $1.2 million in that time after losing $19 million in the same period the previous year. Fusion-io said 47% of its revenue during that time came from sales to Facebook. Apple is another large Fusion-io customer.
Fusion-io competitors include Intel Corp., LSI Corp., Micron Technology, Samsung Electronics, OCZ Technology Group, Seagate Technology, STEC, Toshiba Corp. and Western Digital Corp.
Violin Memory closes $40 million funding round
Flash memory array startup Violin Memory closed a $40 million Series C funding round, giving it $75 million in funding in 2011. CEO Don Basile predicted his company will surpass $100 million in revenue this year. Violin’s products include a 3200 Flash Memory Array, a 3140 Capacity Flash Memory Array and a vCache NFS caching device built on technology it acquired last year from Gear6. Violin didn't name the investors in the round, but said they include “some of the largest public companies” in the computer industry. Previous investors include Toshiba America and networking vendor Juniper Networks
Scality RING extends object support
Scality upgraded its RING Organic Storage software, adding support for millions of namespaces per cluster and tens of billions of files per namespace, as well as automatic tiering and enhanced management. RING is a platform for long-term storage of unstructured objects managed by cloud services.
CommVault, Dell collaborate on data protection in virtual environments
CommVault Systems Inc. and Dell Inc. said they have combined to deliver a Converged Virtual Infrastructure Building Block reference architecture consisting of CommVault Simpana software, Dell PowerEdge Blade servers, EqualLogic storage and PowerConnect networking devices. The building block is designed to provide data protection, recovery and retention in virtual environments.
RainStor, Dell take on big data
RainStor said Dell will resell its data retention database to support solutions such as application retirement and ingestion and retention of machine-generated data. RainStor has created a special version of the RainStor repository that's integrated and optimized for the Dell DX Object Storage Solution.
Emulex introduces Implementer's Lab for storage networking
Emulex Corp. unveiled its Implementer's Lab, an online technical resource that provides best practices for network I/O implementation for deploying data storage and server solutions. Emulex is also making three how-to guides available for the Implementer’s Lab: Deploying 8Gb/s Fibre Channel with HP BladeSystem and VMware vSphere, Deploying OneConnect 10GbE Adapters for iSCSI with VMware vSphere and Using OneConnect 10GbE Adapters with VMware vSphere.