MILPITAS, Calif.--(BUSINESS WIRE)--
SanDisk Corporation (NASDAQ: SNDK),
a global leader in flash storage solutions, today announced an
investment in Nexenta Systems, a leader in the fast-growing software
defined storage (SDS) market. Nexenta’s software-only platform,
NexentaStor, delivers high-performance, scalable and cost-effective
storage solutions for both private and public cloud environments. The
company has over 5,000 customer deployments with more than 800 petabytes
of storage under management. Nexenta partners with key technology
vendors, including Dell, Cisco and others, to support cloud deployments
built on CloudStack and OpenStack solutions.
SDS solutions ease overall data management while improving application
performance and lowering the total cost of ownership for datacenter
operators by leveraging the ability of SDS to intelligently assign data
to the most optimal storage hardware tier. Industry analysts have
identified SDS as one of the hottest trends in enterprise storage.
“SDS and flash-based storage solutions are both complementary and
disruptive technologies in the enterprise,” said Sumit Sadana, executive
vice president and chief strategy officer at SanDisk. “Together, these
technologies offer the capability to deploy high-performance, scalable
solutions with significantly improved total cost of ownership that
customers are looking for. We are looking forward to collaborating with
Nexenta to optimize SDS solutions for flash technology in enterprise
“SanDisk and Nexenta have been leading in their respective segments in
the industry with operational excellence, customer and partner intimacy
and advanced technology innovation around a shared vision,” said Tarkan
Maner, chief executive officer at Nexenta. “We are excited to partner
with industry leaders like SanDisk to revolutionize the enterprise
Terms of the investment were not disclosed.
About SanDisk Ventures
Ventures is an initiative launched by SanDisk in 2012 to invest $75
million over a three-year period in companies with promising
technologies that extend the value proposition of flash-based solutions.
By collaborating with SanDisk, these companies gain access to a broad
product portfolio from a recognized leader in flash storage, world-class
technical expertise, customer introductions and an expanded channel for
their products and services.
SanDisk Ventures targets investments across the spectrum of flash
storage – from companies with solutions that enhance enterprise storage
applications to companies that develop consumer products.
SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500 company,
is a global leader in flash storage solutions. For more than 25 years,
SanDisk has expanded the possibilities of storage, providing trusted and
innovative products that have transformed the electronics industry.
Today, SanDisk’s quality, state-of-the-art solutions are at the heart of
many of the world's largest data centers, and embedded in advanced smart
phones, tablets and PCs. SanDisk’s consumer products are available at
hundreds of thousands of retail stores worldwide. For more information,
© 2014 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk
logo are trademarks of SanDisk Corporation, registered in the United
States and other countries. Other brand names mentioned herein are for
identification purposes only and may be the trademarks of their
This news release contains certain forward-looking statements, including
expectations for markets, products and customers that are based on our
current expectations and involve numerous risks and uncertainties that
may cause these forward-looking statements to be inaccurate. Risks that
may cause these forward-looking statements to be inaccurate include
among others: the market demand for our products may grow more slowly
than our expectations or our products may not be available in the
capacities that we expect or perform as expected, or the other risks
detailed from time-to-time in our Securities and Exchange Commission
filings and reports, including, but not limited to, our most recent
quarterly report on Form 10-Q and our annual report on Form 10-K. We do
not intend to update the information contained in this news release.
Lee Garvin Flanagin, 408-801-2463
Source: SanDisk Corporation