Tuesday, August 27, 2013

Violin Memory Files for IPO

Violin Memory, a start-up offering memory-based storage systems, filed its registration statement with the Securities and Exchange Commission for the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.

Violin Memory plans to list its common stock on the New York Stock Exchange under the ticker symbol "VMEM."

J.P. Morgan Securities LLC, Deutsche Bank Securities, and BofA Merrill Lynch will act as lead joint book-running managers for the offering.  Barclays is acting as a book-running manager.   Baird and Pacific Crest Securities will act as co-managers.

http://www.violin-memory.com/


  • Earlier this month,  Earlier this month, Violin Memory introduced its next generation 6264 flash Memory Array that delivers 64TB of capacity in a mere 3U footprint.  The storage array combines the company's flash controller technology with Toshiba’s latest generation of 19nm flash technology, enabling twice the density and three times the economics of its predecessor while significantly reducing power consumption.

    “Competitive architectural approaches based on SSDs short change the actual performance capabilities of flash memory,” said Don Basile, CEO of Violin Memory. “As semiconductor process geometries shrink, flash memory gets slower and more error-prone. Violin’s unique flash management IP enables us to increase performance and capacity in the same footprint while ensuring the data resiliency required in Tier 1 enterprise storage deployments. Our goal is to deliver memory storage at the cost of legacy disk.”
  • Violin Memory was founded in 2005 and is based in Mountain View, California.


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