Flash memory maker SanDisk is acquiring SSD developer Pliant Technology for $327 million in cash and certain stock-based incentives.
Announced by SanDisk today, the deal has already been approved by the boards of both companies and is expected to close by the end of SanDisk's second fiscal quarter in June, pending the usual regulatory reviews.
Headquartered in Milpitas, Calif., Pliant Technology sells flash-based SSDs (solid-states drives) specifically for the enterprise market. As such, the drives are designed to deliver high performance and reliability for use in data centers and similar environments.
"Flash memory is making significant inroads into … Read more