Tech Company M&A Transactions
IO Turbine Acquisition
Headquartered in San Jose, IO Turbine was acquired by Fusion-io. Financial terms set the valuation at $95 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/4/2011
Transaction Type
M&A
Amount
$95,000,000
M&A Terms
Fusion-io will pay up to approximately $95 million, subject to purchase price adjustments, for all outstanding securities of IO Turbine. The consideration is payable in cash and stock, provided that the cash portion may not exceed $35 million.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
3031 Tisch Way 450
San Jose, CA 95128
USA
San Jose, CA 95128
USA
Phone
Website
Email Address
Overview
Our approach makes the most of Flash storage to transparently and significantly accelerate virtualized application performance while lowering costs, complexity and providing outstanding ROI -- without sacrificing the benefits that virtualization provides.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Boberg
Chief Technical Officer
Vikram Joshi
VP - Engineering
Sunil Joshi
VP - Marketing
Bruce Clarke
VP - Sales
Jay Phillips
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