This is a Press Release edited by StorageNewsletter.com on 2017.04.25
Source URL: http://www.storagenewsletter.com/2017/04/25/violin-memory-acquired-by-quantum-partners/
Violin Memory, Inc. announced the completion of the restructuring and sale process it initiated in December, and its acquisition by Quantum Partners LP (Soros), a private investment fund managed by Soros Fund Management LLC (SFM).
Violin retains its proprietary technology, customer base and innovative team of professionals.
Ebrahim Abbasi, the newly appointed CEO and president of Violin, stated: “Soros’ acquisition of Violin recognizes the value of Violin’s world-class customers which include Fortune 500 companies, as well as the tradition of innovation and dedication demonstrated by its team. As the pioneer in the all-flash array market, Violin is the market leader in high performance, low latency data services for private, public and hybrid cloud environments. I am honored to lead the new company into the future and focus on product innovation and customer excellence.”
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Eric Carey, the CIO, Valley Health System, an US healthcare provider, also stated: “Throughout the reorganization process, Violin continued its enterprise customer support enabling us with a seamless operation of Violin’s flash storage platform deployed in our mission critical Meditech application. This commitment to customer success is what we have come to experience with Violin.”
“We are excited to welcome Violin to our portfolio of businesses and continue our long relationship with the company. We are committed to support Violin in its tradition of customer excellence and product innovation,” said Nicholas Esayan, principal, SFM Private Equity.
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