Where Did the IPO Take Fusion-io? Flash Memory In Full Speed
Looking at a flash memory storage system is like staring at the future of technology. And we’re approaching that era at a record pace. With more and more companies searching for innovative data management and storage solutions, flash is gaining a solid stance in the industry. At the frontier of this market is the shared data decentralization and enhanced data center solutions is Fusion-io. Although the company is not the pioneer in this industry, they were among the first able to exploit the technology. Validating this is their grand entrée on the IPO scene last June.
Since the public’s warm welcome of Fusion-io, the enterprise has done well in the market, though it’s facing rising competition in the flash arena. And with this, many are anxious to know how Fusion-io is performing since going public. In a few hours, Fusion-io will reveal their fourth quarter financial performance, which will be broadcasted live via their website.
But the promise and potential overcame the few bumps on the road. TheStreet.com reports that Fusion-io is still climbing an upward trajectory and hot as ever. Kulbinder Garcha, an Analyst at Credit Suisse noted, “Fusion-io will benefit from the secular rising needs of data centers for improved server/storage performance, cost efficiency and analytics. While growth on the core side should be solid, [Fusion-io’s] strategic account revenue could provide meaningful upside.”
Fusion-io’s savoring its superstar status, thanks to their titan clients that included Facebook and Apple. Their IPO debut paved the way for a billion dollar valuation and Fusion-io’s anchor has gripped the market strongly ever since. Its victories have inspired other organizations to beef up their portfolio and follow the trail. Huawei Symantec launched an all-flash array in July, and FlashSoft’s utilization of flash as cache was announced late June. Earlier, STEC and OCZ Technology Group introduced flash storage components for PCIe—this thrusts flash storage closer to CPUs.
Flash memory storage has a growing fan base with the likes of auction giant eBay deploying 100TB of flash storage to lower power cost and rack space. Along with virtualization, cloud and big data, flash storage is going to be a premier driver of cost-savings in IT economics and next generation technologies.
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