MILPITAS, Calif., January 16, 2014 – 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 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.
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, visit www.sandisk.com.
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.