GlobeNewswire
2012-01-20
Transaction Creates Enterprise Solution Synergies With
Virtensys PCIe-Sharing Appliances and Micron PCIe Solid State
Drives
BOISE, Idaho, Jan. 20, 2012 (GLOBE NEWSWIRE) -- Micron Technology, Inc.
(Nasdaq:MU), and Virtensys Ltd. today announced that the companies have
signed an agreement for Micron to acquire the assets of privately held
Virtensys, a provider of PCIe-sharing solutions based in Manchester,
England and Beaverton, Ore.
The transaction would further strengthen Micron's enterprise storage
portfolio by combining Virtensys' award-winning PCIe virtualization
technology with Micron's solid state drives (SSDs), enabling data
centers to share local storage across multiple servers.
"Virtensys' PCIe-sharing technology has helped change the way data
center operators manage and deploy their virtualized I/O resources, and
Micron's enterprise PCIe drive delivers market-leading speed,
reliability and power efficiency," said Edward Doller, Micron Vice
President and Chief Memory Systems Architect. "This agreement would
enable a combination of enterprise technology solutions that have the
opportunity to virtualize SSD storage on the path to a more flexible
and dynamic data center."
"Virtensys has served as an OEM focused company working to deliver
innovative solutions with some of the world's leading server, storage
and I/O adapter manufacturers," said John Nicholson, Virtensys Chairman
and CEO. "Our technology complements Micron's enterprise products as we
strive to empower the virtual data center, and we are delighted to join
the Micron family."
The transaction is subject to closing conditions and is currently
anticipated to close by the end of the month. Specific terms of the
proposed agreement are confidential.
Micron Technology, Inc., is one of the world's leading providers of
advanced semiconductor solutions. Through its worldwide operations,
Micron manufactures and markets a full range of DRAM, NAND and NOR
flash memory, as well as other innovative memory technologies,
packaging solutions and semiconductor systems for use in leading-edge
computing, consumer, networking, embedded and mobile products. Micron's
common stock is traded on the NASDAQ under the MU symbol. To learn more
about Micron Technology, Inc., visit www.micron.com.
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CONTACT: Daniel Francisco
Micron Technology, Inc.
208-368-5584
dfrancisco@micron.com