32-Bit RISC-V Embedded Processor and Subsystem, Maps ARM M-0 to M-4. Optimal PPA,
Samsung Electronics Acquires NVELO
Acquisition Adds Storage Software Expertise to Next-generation SSD Solutions
December 14, 2012 – SEOUL, Korea - Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions, announced today that it acquired privately held NVELO, Inc., a Santa Clara, Calif.-based pioneer of storage software. By intelligently managing and optimizing the use of SSDs in the storage subsystem, SSD caching has become an attractive solution for both consumer and enterprise computing platforms. The timely integration of NVELO's flagship storage technology into Samsung's best-in-class SSD technologies will give Samsung customers access to an ever-evolving and more diversified portfolio of NAND storage solutions suitable for a broad range of computing platforms.
"The acquisition of NVELO will enable us to extend our ability to provide SSD related storage solutions to customers. We are pleased with this transaction as the employees of NVELO share our vision to take SSD storage into the next-generation of performance and reliability," said Young-Hyun Jun, executive vice president of Flash product & technology, Device Solutions, Samsung Electronics.
"The NVELO team is excited to join the Samsung family," said Jiurong Cheng, president and CEO, NVELO. "We look forward to accelerating storage innovation in close cooperation with Samsung storage experts as we help to deliver fully integrated SSD solutions to the market."
The acquisition involves all technology and personnel under NVELO, Inc. Further details of the agreement were not disclosed.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 227,000 people in 203 offices across 75 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. For more information, please visit www.samsung.com.
About NVELO
NVELO, Inc. is a pioneer in innovative storage software, bringing new intelligence into storage subsystems to break the I/O bottleneck in today's computing systems. Formed as a spin-off company during the acquisition of Denali Software by Cadence Design Systems, NVELO employs world-class engineering and management teams for R&D on its flagship product, Dataplex, which is now in the process of being introduced to the market through Computer OEMs, HDD and SSD vendors. NVELO is located in Santa Clara California. For more information, visit www.NVELO.com.
Related News
- Samsung Electronics Acquires Grandis, Inc.
- SMIC Acquires LFoundry and Enters into Global Automotive Electronics Market
- Samsung Electronics Announces Acquisition of Nanoradio
- Altium acquires Morfik to help electronics designers add cloud connectivity to anything
- Microchip Technology Acquires Neuronix AI Labs
Breaking News
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- TSMC Celebrates 30th North America Technology Symposium with Innovations Powering AI with Silicon Leadership
- Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
E-mail This Article | Printer-Friendly Page |