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Sandisk Ventures Invests in Software Defined Storage Solutions Leader Nexenta SystemsMilpitas, Calif., )
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 applications."
"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 storage market."
Terms of the investment were not disclosed.
About SanDisk Ventures
SanDisk 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.
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