By Joey Ferguson
David Flynn, chief executive officer of Fusion-io Inc., and John Spiers, CEO of NexGen Storage, give insights into their recent acquisition in a presentation at Storage Field Day, a part of Tech Field Day held in Denver.
Fusion-io paid about $114 million in cash and $5 million in stock, which will bring on 50 NexGen employees, the company said in an April 24 statement.
“We are extremely excited about the combination and the potential for products, markets and opportunities,” Spiers said during the presentation.”
Tech Field Day is a traveling event designed to “bring together innovative IT product vendors and independent thought leaders to share information and opinions in a presentation and discussion format,” according to the groups website.