SanDisk and Autonomy Make Storage Buys
Page 1 of 1
The ranks of storage players just became a little smaller this week, as SanDisk announced it is buying enterprise solid-state drive (SSD) maker Pliant, and Autonomy said it was acquiring substantial digital assets of Iron Mountain.
SanDisk (NASDAQ: SNDK) said it will pay approximately $327 million, along with "certain equity-based incentives," for Pliant Technology. The sale has already been approved by both firms' boards of directors but awaits regulatory review, the two companies said in a statement. The sale is expected to close by the end of SanDisk's second fiscal quarter.
Pliant produces ultra-high performance SSDs built on the Serial Attached SCSI (SAS) protocol for enterprise customers, although the company is also working on Peripheral Component Interconnect Express (PCIe) products for use on high-performance compute servers, the joint statement said.